RBA Wealth Management LLC Grows Position in Diodes Incorporated (NASDAQ:DIOD)

RBA Wealth Management LLC boosted its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,548 shares of the semiconductor company’s stock after purchasing an additional 1,083 shares during the period. RBA Wealth Management LLC’s holdings in Diodes were worth $3,987,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Diodes during the 4th quarter valued at approximately $30,000. Riverview Trust Co acquired a new stake in Diodes during the 1st quarter valued at approximately $51,000. Principal Securities Inc. acquired a new stake in Diodes during the 4th quarter valued at approximately $74,000. NBC Securities Inc. lifted its stake in Diodes by 62.3% during the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 471 shares during the period. Finally, Clear Street Markets LLC acquired a new stake in Diodes during the 4th quarter valued at approximately $139,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Trading Up 0.7 %

NASDAQ DIOD traded up $0.54 during trading hours on Thursday, reaching $72.55. The company had a trading volume of 106,636 shares, compared to its average volume of 303,363. The stock has a 50-day moving average of $72.72 and a 200 day moving average of $71.38. Diodes Incorporated has a 1-year low of $60.00 and a 1-year high of $96.68. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.34 billion, a P/E ratio of 19.77 and a beta of 1.36.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $301.90 million for the quarter, compared to analysts’ expectations of $305.47 million. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The business’s quarterly revenue was down 35.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. As a group, research analysts anticipate that Diodes Incorporated will post 1.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on DIOD shares. Robert W. Baird boosted their price target on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Truist Financial boosted their price target on shares of Diodes from $67.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Diodes currently has an average rating of “Hold” and an average target price of $74.20.

Insider Transactions at Diodes

In other news, CEO Keh Shew Lu sold 6,000 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $73.93, for a total transaction of $443,580.00. Following the sale, the chief executive officer now owns 102,996 shares of the company’s stock, valued at $7,614,494.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $73.93, for a total value of $443,580.00. Following the sale, the chief executive officer now owns 102,996 shares of the company’s stock, valued at $7,614,494.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter M. Menard sold 630 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total transaction of $45,334.80. Following the transaction, the director now owns 18,050 shares in the company, valued at $1,298,878. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,630 shares of company stock valued at $2,272,715. 2.30% of the stock is currently owned by corporate insiders.

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.