Vise Technologies Inc. Takes Position in Diodes Incorporated (NASDAQ:DIOD)

Vise Technologies Inc. purchased a new position in Diodes Incorporated (NASDAQ:DIOD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,526 shares of the semiconductor company's stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GPS Wealth Strategies Group LLC bought a new position in Diodes in the first quarter valued at approximately $28,000. Belpointe Asset Management LLC bought a new stake in Diodes during the 4th quarter worth $43,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Diodes during the first quarter worth about $75,000. Quantbot Technologies LP bought a new position in Diodes in the 2nd quarter valued at approximately $76,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Diodes by 11.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,178 shares of the semiconductor company's stock worth $90,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

DIOD has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Diodes from $95.00 to $85.00 in a report on Wednesday, May 10th. StockNews.com started coverage on Diodes in a research note on Thursday, August 17th. They issued a "buy" rating for the company. Finally, Benchmark decreased their target price on shares of Diodes from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Wednesday, August 9th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $103.60.

Get Our Latest Research Report on Diodes

Diodes stock opened at $81.68 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.02 and a current ratio of 2.81. The stock has a market cap of $3.75 billion, a PE ratio of 11.36 and a beta of 1.43. Diodes Incorporated has a fifty-two week low of $61.51 and a fifty-two week high of $97.45. The firm's 50-day simple moving average is $89.30 and its 200 day simple moving average is $89.32.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.02. The company had revenue of $467.20 million during the quarter, compared to the consensus estimate of $467.12 million. Diodes had a return on equity of 19.78% and a net margin of 16.99%. Diodes's revenue was down 6.7% on a year-over-year basis. During the same period last year, the business posted $1.90 earnings per share. Research analysts predict that Diodes Incorporated will post 5.51 EPS for the current fiscal year.

In other Diodes news, Director Peter M. Menard sold 630 shares of the business's stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $96.37, for a total value of $60,713.10. Following the transaction, the director now directly owns 18,680 shares in the company, valued at $1,800,191.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Keh Shew Lu sold 3,000 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $96.40, for a total transaction of $289,200.00. Following the completion of the transaction, the chief executive officer now owns 286,492 shares in the company, valued at approximately $27,617,828.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter M. Menard sold 630 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $96.37, for a total transaction of $60,713.10. Following the transaction, the director now owns 18,680 shares of the company's stock, valued at approximately $1,800,191.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,502 shares of company stock worth $1,398,703. 2.60% of the stock is owned by company insiders.

Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; 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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