Diodes Incorporated (NASDAQ:DIOD) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 465,824 shares of the semiconductor company's stock after selling 6,708 shares during the period. American Century Companies Inc. owned 1.01% of Diodes worth $28,727,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DIOD. Intech Investment Management LLC purchased a new position in shares of Diodes during the 3rd quarter worth about $751,000. Charles Schwab Investment Management Inc. boosted its holdings in Diodes by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company's stock valued at $40,127,000 after acquiring an additional 31,089 shares during the last quarter. Citigroup Inc. grew its position in Diodes by 54.7% during the third quarter. Citigroup Inc. now owns 64,505 shares of the semiconductor company's stock valued at $4,134,000 after acquiring an additional 22,817 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Diodes by 2.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company's stock worth $1,653,000 after purchasing an additional 649 shares during the period. Finally, FMR LLC lifted 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 in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Stock Up 1.0 %

Shares of DIOD traded up $0.41 during trading on Wednesday, reaching $43.49. The company's stock had a trading volume of 292,404 shares, compared to its average volume of 390,578. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 45.78 and a beta of 1.31. 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 company has a fifty day moving average of $51.37 and a two-hundred day moving average of $58.40. Diodes Incorporated has a twelve month low of $41.80 and a twelve month high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (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%. On average, sell-side analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DIOD shares. Benchmark cut their target price on shares of Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Truist Financial reduced their price objective 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 Activity at Diodes

In other news, CFO Brett R. Whitmire sold 830 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 $46,513.20. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary Yu sold 2,900 shares of Diodes 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 sale, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,680 shares of company stock valued at $262,267. 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.