Cwm LLC Raises Holdings in Diodes Incorporated (NASDAQ:DIOD)

Cwm LLC lifted its stake in Diodes Incorporated (NASDAQ:DIOD – Get Rating) by 132.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,034 shares of the semiconductor company’s stock after buying an additional 590 shares during the quarter. Cwm LLC’s holdings in Diodes were worth $67,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Diodes in the second quarter worth about $36,000. Northwestern Mutual Wealth Management Co. raised its holdings in Diodes by 49.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 790 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 260 shares during the period. Wipfli Financial Advisors LLC acquired a new position in Diodes in the 3rd quarter worth about $70,000. EMC Capital Management raised its holdings in Diodes by 48.5% in the 2nd quarter. EMC Capital Management now owns 1,118 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 365 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Diodes in the 2nd quarter worth about $76,000. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Insider Buying and Selling

In related news, CEO Keh Shew Lu sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $81.00, for a total value of $81,000.00. Following the completion of the transaction, the chief executive officer now directly owns 74,183 shares in the company, valued at $6,008,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Brett R. Whitmire sold 3,436 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $85.86, for a total transaction of $295,014.96. Following the completion of the transaction, the chief financial officer now directly owns 23,689 shares in the company, valued at $2,033,937.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Keh Shew Lu sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $81.00, for a total value of $81,000.00. Following the transaction, the chief executive officer now owns 74,183 shares of the company’s stock, valued at $6,008,823. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,047 shares of company stock worth $5,062,509. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DIOD shares. Robert W. Baird reduced their price target on Diodes from $130.00 to $100.00 in a report on Tuesday, November 8th. StockNews.com cut Diodes from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Wells Fargo & Company upped their price target on Diodes from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 8th. Finally, Benchmark reduced their target price on Diodes from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, November 8th.

Diodes Price Performance

NASDAQ:DIOD opened at $86.47 on Thursday. The stock has a market cap of $3.93 billion, a PE ratio of 13.00 and a beta of 1.41. Diodes Incorporated has a one year low of $58.52 and a one year high of $98.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.76 and a current ratio of 2.50. The stock has a 50 day moving average price of $83.80 and a 200 day moving average price of $75.98.

Diodes (NASDAQ:DIOD – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The semiconductor company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.14. The company had revenue of $521.27 million during the quarter, compared to analyst estimates of $521.10 million. Diodes had a return on equity of 24.01% and a net margin of 15.36%. Equities research analysts expect that Diodes Incorporated will post 7.31 EPS for the current fiscal year.

Diodes Company Profile

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Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and 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.