Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,189 shares of the semiconductor company's stock after selling 8,992 shares during the period. Royce & Associates LP owned 0.34% of Diodes worth $9,756,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Diodes during the 3rd quarter worth $29,000. Smartleaf Asset Management LLC grew its stake 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 last quarter. KBC Group NV increased its holdings in shares of Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock valued at $93,000 after purchasing an additional 368 shares during the period. Quest Partners LLC purchased a new stake in shares of Diodes during the third quarter worth approximately $184,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Diodes during the fourth quarter worth $250,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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Diodes Price Performance

Diodes stock traded down $0.36 during midday trading on Friday, reaching $45.30. The company's stock had a trading volume of 960,126 shares, compared to its average volume of 379,285. The firm has a market capitalization of $2.10 billion, a PE ratio of 47.68 and a beta of 1.31. Diodes Incorporated has a fifty-two week low of $44.24 and a fifty-two week high of $86.74. The stock's 50 day simple moving average is $53.93 and its 200 day simple moving average is $59.36. 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 (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Emily Yang sold 950 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the sale, the senior vice president now directly owns 65,107 shares in the company, valued at $3,648,596.28. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 in the last three months. 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.