Dimensional Fund Advisors LP Has $137.62 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Dimensional Fund Advisors LP grew its position in Diodes Incorporated (NASDAQ:DIOD) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,913,282 shares of the semiconductor company’s stock after purchasing an additional 141,610 shares during the period. Dimensional Fund Advisors LP owned about 4.15% of Diodes worth $137,620,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DIOD. Norges Bank acquired a new stake in shares of Diodes in the 4th quarter valued at $31,240,000. Frontier Capital Management Co. LLC boosted its stake in shares of Diodes by 478.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 391,415 shares of the semiconductor company’s stock valued at $31,517,000 after purchasing an additional 323,759 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Diodes by 12.5% in the 1st quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock valued at $178,703,000 after purchasing an additional 282,089 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Diodes by 23.5% in the 4th quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock valued at $58,328,000 after purchasing an additional 137,676 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after buying an additional 132,101 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Performance

Shares of NASDAQ:DIOD opened at $60.12 on Friday. The stock has a market capitalization of $2.77 billion, a P/E ratio of 16.38 and a beta of 1.32. Diodes Incorporated has a 1-year low of $58.62 and a 1-year high of $86.74. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $68.88 and a two-hundred day moving average price of $70.64.

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

Insider Transactions at Diodes

In other news, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the transaction, the senior vice president now directly owns 29,028 shares in the company, valued at approximately $2,094,660.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Brett R. Whitmire sold 1,900 shares of the business’s stock in a transaction dated 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 directly owns 46,365 shares in the company, valued at approximately $3,245,086.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total value of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares of the company’s stock, valued at $2,094,660.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock worth $1,640,921. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIOD shares. StockNews.com cut Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Truist Financial cut their price target on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Diodes has an average rating of “Hold” and a consensus target price of $73.20.

Diodes Company 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.