Bridge City Capital LLC Acquires 6,667 Shares of Diodes Incorporated (NASDAQ:DIOD)

Bridge City Capital LLC grew its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,834 shares of the semiconductor company's stock after purchasing an additional 6,667 shares during the quarter. Diodes makes up 1.5% of Bridge City Capital LLC's investment portfolio, making the stock its 19th largest holding. Bridge City Capital LLC owned 0.20% of Diodes worth $5,725,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DIOD. Truvestments Capital LLC purchased a new position in Diodes in the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its stake 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 buying an additional 522 shares during the period. Quantbot Technologies LP purchased a new position in shares of Diodes during the 4th quarter valued at $79,000. KBC Group NV grew its stake in shares of Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after acquiring an additional 368 shares during the period. Finally, Quest Partners LLC purchased a new stake in Diodes in the 3rd quarter worth about $184,000. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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Diodes Price Performance

NASDAQ:DIOD traded down $0.29 during trading hours on Thursday, hitting $46.23. 304,826 shares of the company's stock traded hands, compared to its average volume of 379,110. Diodes Incorporated has a 52 week low of $44.24 and a 52 week high of $86.74. The business's fifty day simple moving average is $52.87 and its two-hundred day simple moving average is $58.92. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.14 billion, a P/E ratio of 48.66 and a beta of 1.31.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) 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 fiscal year.

Insider Buying and Selling at Diodes

In other news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the sale, the senior vice president now directly owns 65,107 shares of the company's stock, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their position. 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 the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock worth $262,267 over the last three months. 2.30% of the stock is owned by insiders.

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.