Money Concepts Capital Corp boosted its stake in Diodes Incorporated (NASDAQ:DIOD – Get Rating) by 11.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,776 shares of the semiconductor company's stock after acquiring an additional 288 shares during the quarter. Money Concepts Capital Corp's holdings in Diodes were worth $169,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in DIOD. Signaturefd LLC boosted its stake in Diodes by 157.7% during the 1st quarter. Signaturefd LLC now owns 286 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 175 shares during the last quarter. CWM LLC raised its holdings in shares of Diodes by 310.6% during the 1st quarter. CWM LLC now owns 349 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 264 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Diodes by 305.7% during the 1st quarter. Quadrant Capital Group LLC now owns 426 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 321 shares during the period. Archer Investment Corp purchased a new position in shares of Diodes during the 1st quarter worth $50,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Diodes during the 1st quarter worth $71,000. Institutional investors and hedge funds own 95.57% of the company's stock.
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Diodes Stock Down 1.4 %
Shares of NASDAQ:DIOD opened at $64.91 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.43 and a quick ratio of 1.69. The firm has a market capitalization of $2.95 billion, a PE ratio of 10.35 and a beta of 1.32. The firm's 50-day moving average is $73.72 and its two-hundred day moving average is $74.09. Diodes Incorporated has a 1 year low of $58.52 and a 1 year high of $113.98.
Diodes (NASDAQ:DIOD – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The semiconductor company reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.15. Diodes had a return on equity of 23.24% and a net
margin of 14.82%. The business had revenue of $500.97 million during the quarter, compared to the consensus estimate of $501.47 million. During the same period in the previous year, the company posted $1.20 earnings per share. The business's revenue for the quarter was up 13.7% on a year-over-year basis. Analysts predict that Diodes Incorporated will post 7.15 EPS for the current year.
Insider Transactions at Diodes
In other news, CEO Keh Shew Lu sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $83.11, for a total transaction of $249,330.00. Following the completion of the transaction, the chief executive officer now directly owns 75,183 shares of the company's stock, valued at $6,248,459.13. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Keh Shew Lu sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $83.11, for a total value of $249,330.00. Following the completion of the transaction, the chief executive officer now directly owns 75,183 shares of the company's stock, valued at $6,248,459.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 600 shares of the company's stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total value of $36,000.00. Following the completion of the transaction, the chief financial officer now directly owns 27,125 shares of the company's stock, valued at $1,627,500. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Cowen lifted their price target on Diodes to $95.00 in a report on Tuesday, August 9th. StockNews.com upgraded shares of Diodes from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Wells Fargo & Company reduced their price objective on shares of Diodes from $85.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, July 11th.
Diodes Company Profile
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Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.
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