Diodes Incorporated (NASDAQ:DIOD) Holdings Boosted by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 211,463 shares of the semiconductor company's stock after buying an additional 27,814 shares during the period. Goldman Sachs Group Inc. owned about 0.46% of Diodes worth $17,027,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Diodes by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,580,606 shares of the semiconductor company's stock worth $439,975,000 after buying an additional 100,618 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Diodes by 2.3% in the 3rd quarter. Earnest Partners LLC now owns 2,134,515 shares of the semiconductor company's stock valued at $168,285,000 after acquiring an additional 47,472 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,709,298 shares of the semiconductor company's stock valued at $137,635,000 after acquiring an additional 43,941 shares during the last quarter. Channing Capital Management LLC lifted its holdings in shares of Diodes by 19.8% in the 4th quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company's stock valued at $81,281,000 after acquiring an additional 166,934 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Diodes by 14.1% in the 3rd quarter. FMR LLC now owns 912,667 shares of the semiconductor company's stock valued at $71,955,000 after acquiring an additional 112,620 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Diodes

In related news, CEO Keh Shew Lu sold 15,000 shares of the business's stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the completion of the transaction, the chief executive officer now directly owns 87,331 shares in the company, valued at $6,576,024.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Keh Shew Lu sold 15,000 shares of the business's stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the completion of the transaction, the chief executive officer now directly owns 87,331 shares in the company, valued at $6,576,024.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the transaction, the director now directly owns 18,050 shares of the company's stock, valued at approximately $1,298,878. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,630 shares of company stock worth $2,272,715. Company insiders own 2.30% of the company's stock.

Diodes Stock Up 1.8 %

DIOD traded up $1.24 during trading on Friday, hitting $71.93. The stock had a trading volume of 1,686,650 shares, compared to its average volume of 337,301. The company has a market capitalization of $3.32 billion, a PE ratio of 19.72 and a beta of 1.39. Diodes Incorporated has a twelve month low of $60.00 and a twelve month high of $96.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. The stock has a 50 day simple moving average of $72.50 and a two-hundred day simple moving average of $71.52.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The business had revenue of $301.90 million during the quarter, compared to the consensus estimate of $305.47 million. During the same period in the previous year, the firm posted $1.59 earnings per share. The business's revenue for the quarter was down 35.4% compared to the same quarter last year. On average, research analysts predict that Diodes Incorporated will post 1.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

DIOD has been the subject of several analyst reports. Robert W. Baird raised their price objective on shares of Diodes from $56.00 to $72.00 and gave the stock a "neutral" rating in a research note on Friday, May 10th. Truist Financial lifted their price objective on shares of Diodes from $67.00 to $74.00 and gave the company a "hold" rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Diodes currently has an average rating of "Hold" and an average target price of $74.20.

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.