Boston Partners Sells 16,573 Shares of Diodes Incorporated (NASDAQ:DIOD)

Boston Partners lowered its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 55.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,344 shares of the semiconductor company's stock after selling 16,573 shares during the period. Boston Partners' holdings in Diodes were worth $823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DIOD. Corient Private Wealth LLC boosted its holdings in Diodes by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company's stock valued at $2,005,000 after acquiring an additional 328 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Diodes by 4.1% during the fourth quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company's stock worth $524,000 after purchasing an additional 335 shares during the period. KBC Group NV lifted its position in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock valued at $93,000 after acquiring an additional 368 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Diodes by 6.4% during the 4th quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company's stock worth $414,000 after acquiring an additional 425 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Diodes in the 3rd quarter worth approximately $29,000. 99.23% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, President Gary Yu sold 2,900 shares of the company's stock in a transaction dated 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 directly owns 79,697 shares of the company's stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 in the last ninety days. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, February 12th. Benchmark dropped their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th.

Diodes Price Performance

DIOD traded down $0.31 on Wednesday, reaching $46.52. The company had a trading volume of 263,232 shares, compared to its average volume of 378,576. The business has a 50 day simple moving average of $53.43 and a 200 day simple moving average of $59.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 48.97 and a beta of 1.31. Diodes Incorporated has a 52-week low of $44.24 and a 52-week high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last announced 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%. As a group, sell-side analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

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.