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

Charles Schwab Investment Management Inc. raised its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 687,245 shares of the semiconductor company's stock after buying an additional 61,139 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.48% of Diodes worth $42,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 58,597 shares during the period. Geode Capital Management LLC grew its position in shares of Diodes by 3.6% in the 3rd 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 period. Smartleaf Asset Management LLC grew its position in shares of Diodes by 198.5% in the 4th 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 period. Proficio Capital Partners LLC acquired a new position in shares of Diodes in the 4th quarter valued at approximately $970,000. Finally, US Bancorp DE grew its position in shares of Diodes by 6.9% in the 4th quarter. US Bancorp DE now owns 25,002 shares of the semiconductor company's stock valued at $1,542,000 after purchasing an additional 1,614 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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Diodes Stock Down 0.8 %

NASDAQ DIOD traded down $0.39 during trading on Tuesday, hitting $46.55. The stock had a trading volume of 931,078 shares, compared to its average volume of 374,989. The company has a market capitalization of $2.16 billion, a PE ratio of 49.00 and a beta of 1.31. The company's 50-day moving average price is $55.39 and its two-hundred day moving average price is $59.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. Diodes Incorporated has a 12 month low of $44.24 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last released 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 net margin of 3.36% and a return on equity of 3.28%. As a group, sell-side analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Analyst Upgrades and Downgrades

DIOD has been the subject of several research analyst reports. Benchmark decreased their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Truist Financial cut their target price on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th.

Insider Transactions at Diodes

In other news, President Gary Yu sold 2,900 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the sale, the president now owns 79,697 shares in the company, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Brett R. Whitmire sold 830 shares of the business's 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 transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. The trade was 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 90 days. Corporate insiders own 2.30% of the company's stock.

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.