Victory Capital Management Inc. Grows Position in Diodes Incorporated (NASDAQ:DIOD)

Victory Capital Management Inc. boosted its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,907,509 shares of the semiconductor company's stock after acquiring an additional 163,374 shares during the period. Victory Capital Management Inc. owned 4.12% of Diodes worth $117,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company's stock valued at $370,769,000 after purchasing an additional 947,118 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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 buying an additional 43,841 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Diodes by 9.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company's stock valued at $42,382,000 after acquiring an additional 61,139 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Diodes by 50.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company's stock worth $15,795,000 after acquiring an additional 85,943 shares during the period. Finally, Global Alpha Capital Management Ltd. raised its position in shares of Diodes by 1.1% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 248,170 shares of the semiconductor company's stock worth $15,905,000 after acquiring an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

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Diodes Stock Down 1.5 %

DIOD stock traded down $0.75 during trading on Friday, reaching $49.10. 592,382 shares of the stock were exchanged, compared to its average volume of 481,911. 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 twelve month low of $46.56 and a twelve month high of $86.74. The firm's 50 day moving average is $57.33 and its 200 day moving average is $60.88. The firm has a market cap of $2.27 billion, a P/E ratio of 51.68 and a beta of 1.31.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on DIOD. 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 report on Wednesday, February 12th. StockNews.com upgraded Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Finally, Benchmark dropped their target price on shares of Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th.

Insider Buying and Selling at Diodes

In other news, President Gary Yu sold 2,900 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Emily Yang sold 950 shares of the stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company's stock.

Diodes 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.