Fisher Asset Management LLC Raises Position in Diodes Incorporated (NASDAQ:DIOD)

Fisher Asset Management LLC lifted its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,489 shares of the semiconductor company's stock after acquiring an additional 16,003 shares during the quarter. Fisher Asset Management LLC owned 0.40% of Diodes worth $11,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DIOD. Truvestments Capital LLC bought a new stake in Diodes in the 3rd quarter worth approximately $29,000. KBC Group NV boosted its stake in shares of Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after buying an additional 368 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Diodes in the third quarter worth $184,000. EP Wealth Advisors LLC purchased a new stake in Diodes during the third quarter valued at $260,000. Finally, CIBC Asset Management Inc bought a new position in Diodes in the fourth quarter valued at about $283,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on DIOD. Benchmark cut their price target on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Truist Financial cut their price objective on Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research note on Wednesday, February 12th.

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Diodes Price Performance

DIOD stock traded down $0.75 during trading on Friday, reaching $49.10. The company's stock had a trading volume of 592,382 shares, compared to its average volume of 481,911. 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's fifty day moving average is $57.63 and its 200-day moving average is $61.05. The company has a market capitalization of $2.27 billion, a P/E ratio of 51.68 and a beta of 1.31. Diodes Incorporated has a 1 year low of $46.56 and a 1 year 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. On average, research analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at Diodes

In other Diodes news, SVP Emily Yang sold 950 shares of Diodes 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 $53,238.00. Following the sale, the senior vice president now owns 65,107 shares of the company's stock, valued at $3,648,596.28. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Gary Yu sold 2,900 shares of the stock in a transaction that occurred 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 transaction, the president now owns 79,697 shares of the company's stock, valued at $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. Over the last quarter, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate 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.