Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,283,794 shares of the semiconductor company's stock after acquiring an additional 17,742 shares during the quarter. Geode Capital Management LLC owned 2.77% of Diodes worth $79,186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DIOD. Smartleaf Asset Management LLC boosted its position in Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Diodes during the 4th quarter worth approximately $79,000. KBC Group NV lifted its position in shares of Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after buying an additional 533 shares in the last quarter. Xponance Inc. acquired a new stake in Diodes in the 4th quarter valued at $203,000. Finally, Verdence Capital Advisors LLC purchased a new stake in Diodes in the 4th quarter worth $250,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Trading Down 1.3 %

NASDAQ:DIOD traded down $0.44 during trading hours on Thursday, hitting $33.83. The company had a trading volume of 72,731 shares, compared to its average volume of 407,398. Diodes Incorporated has a 1 year low of $32.93 and a 1 year high of $86.74. The company has a market cap of $1.57 billion, a P/E ratio of 35.77 and a beta of 1.43. The company has a 50-day moving average of $46.07 and a 200 day moving average of $56.42. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01.

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 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%. Sell-side analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Activity

In related news, 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 transaction of $162,516.00. Following the completion of the transaction, the president now owns 79,697 shares of the company's stock, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Emily Yang sold 950 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 value of $53,238.00. Following the completion of the sale, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock valued at $262,267 in the last quarter. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

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

About Diodes

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.