Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Fmr LLC

FMR LLC grew its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,902,006 shares of the semiconductor company's stock after purchasing an additional 116,872 shares during the period. FMR LLC owned about 12.74% of Diodes worth $363,977,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. 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 during the last quarter. Victory Capital Management Inc. lifted its position in Diodes by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after acquiring an additional 163,374 shares during the period. Geode Capital Management LLC grew its stake in shares of Diodes by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,283,794 shares of the semiconductor company's stock valued at $79,186,000 after purchasing an additional 17,742 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Diodes by 9.8% in 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 purchasing an additional 61,139 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Diodes by 7.9% in the fourth quarter. Sei Investments Co. now owns 608,535 shares of the semiconductor company's stock valued at $37,528,000 after purchasing an additional 44,387 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.

Insider Buying and Selling at Diodes

In other Diodes news, SVP Emily Yang sold 950 shares of the firm'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 $53,238.00. Following the sale, the senior vice president now directly owns 65,107 shares of the company's stock, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett R. Whitmire sold 830 shares of the business's stock in a transaction that occurred on 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 directly owns 51,525 shares of the company's stock, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is owned by insiders.

Diodes Price Performance

NASDAQ DIOD traded down $1.17 during trading hours on Wednesday, reaching $34.45. The company's stock had a trading volume of 49,690 shares, compared to its average volume of 544,189. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The company's 50-day moving average is $46.49 and its two-hundred day moving average is $56.57. 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 cap of $1.60 billion, a PE ratio of 36.26 and a beta of 1.43.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results 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%. Analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on DIOD. Benchmark cut their price objective on shares of Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Truist Financial cut their price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, February 12th. Baird R W raised Diodes from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Robert W. Baird raised Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price for the company in a research note on Monday, April 7th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

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.