Barrow Hanley Mewhinney & Strauss LLC Has $61.23 Million Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 851,242 shares of the semiconductor company’s stock after acquiring an additional 4,615 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 1.85% of Diodes worth $61,230,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after buying an additional 132,101 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Diodes by 12.5% during the 1st quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after acquiring an additional 282,089 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after acquiring an additional 141,610 shares in the last quarter. Sei Investments Co. increased its stake in Diodes by 5.7% in the second quarter. Sei Investments Co. now owns 783,448 shares of the semiconductor company’s stock valued at $56,353,000 after acquiring an additional 42,192 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Diodes by 7.0% during the second quarter. Victory Capital Management Inc. now owns 755,464 shares of the semiconductor company’s stock valued at $54,341,000 after purchasing an additional 49,284 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DIOD has been the topic of several recent analyst reports. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial reduced their price objective on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Diodes has an average rating of “Hold” and a consensus target price of $73.20.

Diodes Stock Down 2.1 %

Shares of NASDAQ:DIOD opened at $60.12 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. Diodes Incorporated has a 52-week low of $58.62 and a 52-week high of $86.74. The company has a market capitalization of $2.77 billion, a PE ratio of 16.38 and a beta of 1.32. The company has a fifty day moving average of $68.88 and a 200-day moving average of $70.64.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $319.80 million during the quarter, compared to the consensus estimate of $316.12 million. Diodes had a return on equity of 5.76% and a net margin of 7.12%. The business’s quarterly revenue was down 31.5% on a year-over-year basis. During the same period last year, the company earned $1.59 earnings per share. On average, equities analysts predict that Diodes Incorporated will post 1.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Diodes news, SVP Emily Yang sold 1,272 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the sale, the senior vice president now owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares in the company, valued at approximately $3,245,086.35. The disclosure for this sale can be found here. Insiders have sold 24,182 shares of company stock valued at $1,640,921 in the last ninety days. 2.30% of the stock is currently owned by insiders.

About Diodes

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.