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

Outlook Wealth Advisors LLC boosted its stake in Diodes Incorporated (NASDAQ:DIOD) by 33.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,386 shares of the semiconductor company’s stock after purchasing an additional 855 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Diodes were worth $239,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DIOD. SG Americas Securities LLC increased its stake in shares of Diodes by 955.2% in the 3rd quarter. SG Americas Securities LLC now owns 11,460 shares of the semiconductor company’s stock valued at $904,000 after acquiring an additional 10,374 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in Diodes in the third quarter valued at approximately $113,000. Commonwealth Equity Services LLC raised its holdings in Diodes by 3.1% in the third quarter. Commonwealth Equity Services LLC now owns 6,040 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 180 shares during the period. Tectonic Advisors LLC boosted its position in shares of Diodes by 6.8% during the third quarter. Tectonic Advisors LLC now owns 10,244 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 655 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Diodes by 5.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,892 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Performance

NASDAQ DIOD traded up $1.38 during trading on Friday, reaching $72.68. 266,007 shares of the company’s stock were exchanged, compared to its average volume of 289,100. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 2.03. The business has a 50 day moving average price of $68.72 and a 200-day moving average price of $70.72. The stock has a market capitalization of $3.36 billion, a P/E ratio of 14.80 and a beta of 1.46. Diodes Incorporated has a fifty-two week low of $60.00 and a fifty-two week high of $97.37.

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

Analyst Upgrades and Downgrades

DIOD has been the topic of several research analyst reports. Truist Financial dropped their price objective on Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. TD Cowen lifted their price objective on Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company lowered their target price on Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $72.40.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 1,500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the transaction, the chief executive officer now directly owns 281,992 shares of the company’s stock, valued at approximately $19,192,375.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Brett R. Whitmire sold 3,400 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total value of $228,820.00. Following the completion of the sale, the chief financial officer now owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 1,500 shares of the company’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 90 days, insiders sold 25,900 shares of company stock valued at $1,774,570. Company insiders own 2.20% of the company’s stock.

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.