Vanguard Group Inc. Raises Holdings in Diodes Incorporated (NASDAQ:DIOD)

Vanguard Group Inc. increased its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,910,766 shares of the semiconductor company’s stock after buying an additional 102,263 shares during the period. Vanguard Group Inc. owned about 12.76% of Diodes worth $364,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Corient Private Wealth LLC increased its position in Diodes by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company’s stock valued at $2,005,000 after purchasing an additional 328 shares during the period. HighTower Advisors LLC grew its stake in Diodes by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company’s stock valued at $524,000 after purchasing an additional 335 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Diodes by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock valued at $414,000 after buying an additional 425 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Diodes by 198.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 522 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 533 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DIOD shares. Truist Financial decreased their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. Benchmark reduced their target price on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

Diodes Trading Up 1.0 %

Shares of Diodes stock opened at $43.49 on Thursday. Diodes Incorporated has a 1 year low of $41.80 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The stock has a market cap of $2.02 billion, a PE ratio of 45.78 and a beta of 1.31. The firm has a fifty day moving average price of $51.37 and a 200 day moving average price of $58.40.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Equities research analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $53,238.00. Following the sale, the senior vice president now owns 65,107 shares in the company, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Gary Yu sold 2,900 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the sale, the president now directly owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company’s stock.

Diodes 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.