Beverly Hills Private Wealth LLC Invests $538,000 in Diodes Incorporated (NASDAQ:DIOD)

Beverly Hills Private Wealth LLC bought a new stake in Diodes Incorporated (NASDAQ:DIOD - Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,064 shares of the semiconductor company's stock, valued at approximately $538,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIOD. Belpointe Asset Management LLC acquired a new stake in shares of Diodes in the fourth quarter valued at about $43,000. Standard Family Office LLC bought a new position in shares of Diodes in the third quarter valued at $71,000. Quantbot Technologies LP acquired a new position in Diodes during the second quarter worth $76,000. CWM LLC raised its holdings in shares of Diodes by 19.1% in the 4th quarter. CWM LLC now owns 1,232 shares of the semiconductor company's stock valued at $94,000 after purchasing an additional 198 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Diodes by 98.2% during the 1st quarter. Covestor Ltd now owns 1,292 shares of the semiconductor company's stock worth $112,000 after acquiring an additional 640 shares during the last quarter. 96.24% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on DIOD shares. Wells Fargo & Company reduced their target price on shares of Diodes from $95.00 to $85.00 in a report on Wednesday, May 10th. StockNews.com assumed coverage on Diodes in a research report on Thursday, May 18th. They issued a "buy" rating on the stock. Finally, Benchmark upped their price objective on Diodes from $90.00 to $105.00 and gave the company 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 given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $103.83.

Shares of NASDAQ DIOD traded down $0.19 during trading hours on Friday, hitting $91.92. 18,578 shares of the stock were exchanged, compared to its average volume of 209,720. Diodes Incorporated has a 1-year low of $58.52 and a 1-year high of $97.45. The company has a market cap of $4.20 billion, a PE ratio of 12.85 and a beta of 1.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.00 and a current ratio of 2.87. The company's fifty day simple moving average is $87.33 and its two-hundred day simple moving average is $87.56.

Diodes (NASDAQ:DIOD - Get Rating) last announced its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.13. Diodes had a return on equity of 21.67% and a net margin of 16.61%. The business had revenue of $467.24 million during the quarter, compared to the consensus estimate of $467.03 million. During the same period in the prior year, the company earned $1.75 EPS. Diodes's revenue for the quarter was down 3.1% on a year-over-year basis. On average, sell-side analysts predict that Diodes Incorporated will post 6.39 EPS for the current year.

In related news, CFO Brett R. Whitmire sold 1,819 shares of Diodes stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $93.23, for a total transaction of $169,585.37. Following the sale, the chief financial officer now directly owns 47,972 shares in the company, valued at approximately $4,472,429.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Brett R. Whitmire sold 1,819 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $93.23, for a total value of $169,585.37. Following the completion of the sale, the chief financial officer now owns 47,972 shares of the company's stock, valued at $4,472,429.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $96.37, for a total value of $60,713.10. Following the completion of the transaction, the director now directly owns 18,680 shares of the company's stock, valued at $1,800,191.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,639 shares of company stock valued at $5,986,553. 2.20% of the stock is currently owned by corporate insiders.

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.

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