Charles Schwab Investment Management Inc. Has $42.38 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Charles Schwab Investment Management Inc. grew its holdings in Diodes Incorporated (NASDAQ:DIOD) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 687,245 shares of the semiconductor company’s stock after purchasing an additional 61,139 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.48% of Diodes worth $42,382,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Diodes by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock valued at $14,532,000 after purchasing an additional 58,597 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after purchasing an additional 43,841 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Diodes in the fourth quarter valued at about $970,000. Smartleaf Asset Management LLC grew its position in shares of 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 purchasing an additional 522 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Diodes in the third quarter valued at about $922,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diodes

In other news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the transaction, the senior vice president now owns 65,107 shares in the company, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Gary Yu sold 2,900 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the transaction, the president now owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate insiders.

Diodes Stock Up 0.2 %

DIOD stock opened at $46.03 on Friday. Diodes Incorporated has a twelve month low of $44.24 and a twelve month high of $86.74. The company has a market cap of $2.13 billion, a PE ratio of 48.45 and a beta of 1.31. The business’s 50-day simple moving average is $55.76 and its 200 day simple moving average is $60.14. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Benchmark decreased their target price on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Truist Financial decreased their target price on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, February 12th.

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.