Belpointe Asset Management LLC Makes New $43,000 Investment in Diodes Incorporated (NASDAQ:DIOD)

Belpointe Asset Management LLC purchased a new position in Diodes Incorporated (NASDAQ:DIOD – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 564 shares of the semiconductor company’s stock, valued at approximately $43,000.

Several other institutional investors have also added to or reduced their stakes in the business. Alliance Wealth Advisors LLC UT acquired a new stake in Diodes in the fourth quarter worth about $330,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Diodes by 11.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,314 shares of the semiconductor company’s stock worth $328,000 after acquiring an additional 452 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Diodes during the fourth quarter worth about $110,000. California Public Employees Retirement System lifted its holdings in shares of Diodes by 1.6% during the fourth quarter. California Public Employees Retirement System now owns 106,851 shares of the semiconductor company’s stock worth $8,136,000 after purchasing an additional 1,682 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Diodes by 2.3% during the fourth quarter. Swiss National Bank now owns 109,800 shares of the semiconductor company’s stock worth $8,360,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 96.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DIOD shares. Wells Fargo & Company decreased their target price on Diodes from $95.00 to $85.00 in a report on Wednesday, May 10th. Cowen lifted their target price on Diodes from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. Robert W. Baird lifted their target price on Diodes from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. StockNews.com started coverage on Diodes in a report on Thursday, May 18th. They set a “buy” rating for the company. Finally, Benchmark lifted their target price on Diodes from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.83.

Insider Activity

In other news, CEO Keh Shew Lu sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $94.68, for a total value of $2,272,320.00. Following the completion of the sale, the chief executive officer now directly owns 8,683 shares in the company, valued at $822,106.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Keh Shew Lu sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $94.68, for a total value of $2,272,320.00. Following the completion of the sale, the chief executive officer now directly owns 8,683 shares in the company, valued at $822,106.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Gary Yu sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $95.07, for a total value of $95,070.00. Following the completion of the sale, the chief operating officer now owns 46,296 shares of the company’s stock, valued at $4,401,360.72. The disclosure for this sale can be found here. Insiders sold 52,050 shares of company stock worth $4,855,991 over the last three months. 2.60% of the stock is currently owned by corporate insiders.

Diodes Trading Down 4.6 %

Shares of NASDAQ:DIOD opened at $87.37 on Thursday. Diodes Incorporated has a 12-month low of $58.52 and a 12-month high of $97.45. The company has a market capitalization of $3.99 billion, a PE ratio of 12.19 and a beta of 1.48. The business has a 50 day moving average of $86.95 and a two-hundred day moving average of $86.82. The company has a current ratio of 2.87, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05.

Diodes (NASDAQ:DIOD – Get Rating) last announced its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.13. Diodes had a return on equity of 21.67% and a net margin of 16.61%. The company had revenue of $467.24 million during the quarter, compared to the consensus estimate of $467.03 million. During the same period in the previous year, the company posted $1.75 earnings per share. Diodes’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts forecast that Diodes Incorporated will post 6.39 EPS for the current year.

About Diodes

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Diodes, Inc manufactures and supplies application-specific standard products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. The firm offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect, and temperature sensors.