Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 810,126 shares of the semiconductor company's stock after selling 36,615 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 1.75% of Diodes worth $49,960,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of DIOD. JPMorgan Chase & Co. grew its stake in Diodes by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company's stock valued at $14,532,000 after buying an additional 58,597 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Diodes by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company's stock worth $40,127,000 after acquiring an additional 31,089 shares during the last quarter. Geode Capital Management LLC grew its position in Diodes by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock worth $81,154,000 after purchasing an additional 43,841 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 522 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Diodes during the fourth quarter valued at about $970,000. 99.23% of the stock is currently owned by institutional investors.
Diodes Price Performance
NASDAQ:DIOD traded down $5.25 during mid-day trading on Thursday, hitting $38.24. The company's stock had a trading volume of 163,646 shares, compared to its average volume of 389,716. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 40.25 and a beta of 1.31. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a fifty-two week low of $37.80 and a fifty-two week high of $86.74. The stock has a fifty day moving average of $51.37 and a 200-day moving average of $58.40.
Diodes (NASDAQ:DIOD - Get Free Report) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. As a group, equities analysts forecast that Diodes Incorporated will post 1.82 EPS for the current fiscal year.
Insider Transactions at Diodes
In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares of the company's stock, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Emily Yang sold 950 shares of the firm's stock in a transaction 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 sale, the senior vice president now owns 65,107 shares of the company's stock, valued at approximately $3,648,596.28. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is owned by insiders.
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 lowered their price objective on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday, February 12th.
Read Our Latest Report on Diodes
About Diodes
(
Free Report)
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.
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