Envestnet Asset Management Inc. Has $10.73 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Envestnet Asset Management Inc. decreased its position in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,053 shares of the semiconductor company's stock after selling 13,022 shares during the period. Envestnet Asset Management Inc. owned about 0.38% of Diodes worth $10,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Diodes during the 4th quarter worth $33,933,000. Victory Capital Management Inc. boosted its holdings in Diodes by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after buying an additional 163,374 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Diodes by 55.9% during the fourth quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company's stock worth $21,806,000 after buying an additional 126,853 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Diodes during the fourth quarter worth about $7,063,000. Finally, Vanguard Group Inc. increased its holdings in Diodes by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company's stock valued at $364,517,000 after buying an additional 102,263 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Benchmark lowered their price target on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Truist Financial lowered their price objective on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th. Robert W. Baird upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price for the company in a research report on Monday, April 7th. Finally, Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $56.00.

Diodes Price Performance

Shares of DIOD traded up $1.14 during trading hours on Wednesday, reaching $36.81. 71,530 shares of the company traded hands, compared to its average volume of 410,581. The stock has a fifty day simple moving average of $44.67 and a 200 day simple moving average of $55.57. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $86.74. The stock has a market capitalization of $1.71 billion, a PE ratio of 38.75 and a beta of 1.43. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

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

Insider Buying and Selling at Diodes

In related news, President Gary Yu sold 2,900 shares of the company's stock in a transaction on 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 directly owns 79,697 shares of the company's stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Emily Yang sold 950 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 $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 represents a 1.44 % 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 quarter. 2.30% of the stock is owned by insiders.

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.