Outlook Wealth Advisors LLC Buys 855 Shares of Diodes Incorporated (NASDAQ:DIOD)

Outlook Wealth Advisors LLC boosted its position in Diodes Incorporated (NASDAQ:DIOD) by 33.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,386 shares of the semiconductor company’s stock after purchasing an additional 855 shares during the period. Outlook Wealth Advisors LLC’s holdings in Diodes were worth $239,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DIOD. Norges Bank acquired a new stake in Diodes during the fourth quarter worth approximately $31,240,000. Frontier Capital Management Co. LLC boosted its position in Diodes by 478.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 391,415 shares of the semiconductor company’s stock worth $31,517,000 after purchasing an additional 323,759 shares during the last quarter. Global Alpha Capital Management Ltd. bought a new position in Diodes during the third quarter valued at about $13,866,000. Channing Capital Management LLC increased its stake in shares of Diodes by 19.8% during the 4th quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after purchasing an additional 166,934 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in shares of Diodes in the third quarter valued at $11,701,000. Institutional investors own 99.23% of the company’s stock.

Insider Buying and Selling at Diodes

In other Diodes news, CEO Keh Shew Lu sold 1,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the sale, the chief executive officer now directly owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total transaction of $228,820.00. Following the transaction, the chief financial officer now owns 48,265 shares in the company, valued at $3,248,234.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Keh Shew Lu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total transaction of $102,090.00. Following the completion of the transaction, the chief executive officer now owns 281,992 shares in the company, valued at $19,192,375.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,900 shares of company stock worth $1,774,570. 2.20% of the stock is owned by corporate insiders.

Diodes Trading Up 1.9 %

NASDAQ:DIOD traded up $1.38 during midday trading on Friday, hitting $72.68. 266,007 shares of the company traded hands, compared to its average volume of 289,100. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $60.00 and a 12-month high of $97.37. The firm has a market capitalization of $3.36 billion, a P/E ratio of 14.80 and a beta of 1.46. The firm’s fifty day moving average is $68.72 and its 200-day moving average is $70.72.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $322.70 million during the quarter, compared to analyst estimates of $324.76 million. Diodes had a return on equity of 12.79% and a net margin of 13.67%. Diodes’s revenue was down 35.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 EPS. On average, sell-side analysts predict that Diodes Incorporated will post 2.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DIOD shares. Wells Fargo & Company cut their price objective on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Truist Financial cut their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, TD Cowen boosted their target price on Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $72.40.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.