Diodes Incorporated (NASDAQ:DIOD) Stock Position Boosted by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. boosted its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 259,770 shares of the semiconductor company's stock after buying an additional 11,600 shares during the period. Global Alpha Capital Management Ltd. owned 0.56% of Diodes worth $16,020,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company's stock worth $370,769,000 after buying an additional 947,118 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Diodes by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after purchasing an additional 163,374 shares during the period. Geode Capital Management LLC lifted its stake in shares of Diodes by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock valued at $81,154,000 after purchasing an additional 43,841 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Diodes by 9.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company's stock worth $42,382,000 after purchasing an additional 61,139 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Diodes by 50.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company's stock worth $15,795,000 after purchasing an additional 85,943 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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Diodes Stock Up 4.0 %

DIOD stock traded up $1.81 during trading on Wednesday, reaching $47.29. The stock had a trading volume of 467,328 shares, compared to its average volume of 497,177. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $56.71 and a 200 day moving average price of $60.50. The company has a market capitalization of $2.19 billion, a P/E ratio of 49.78 and a beta of 1.31. Diodes Incorporated has a 1-year low of $44.24 and a 1-year high of $86.74.

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 return on equity of 3.28% and a net margin of 3.36%. On average, equities analysts anticipate 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 Diodes stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Emily Yang sold 950 shares of the company'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 sale, the senior vice president now owns 65,107 shares in the company, valued at $3,648,596.28. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DIOD. Truist Financial decreased their price target 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. Benchmark lowered their target price on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th.

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.