Natixis Advisors LLC Raises Stake in Diodes Incorporated (NASDAQ:DIOD)

Natixis Advisors LLC raised its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,602 shares of the semiconductor company's stock after buying an additional 36,019 shares during the quarter. Natixis Advisors LLC owned about 0.19% of Diodes worth $5,464,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank increased its stake in shares of Diodes by 1.2% in the fourth quarter. Swiss National Bank now owns 91,200 shares of the semiconductor company's stock worth $5,624,000 after acquiring an additional 1,100 shares during the period. Great Lakes Advisors LLC grew its position in shares of Diodes by 7.4% during the 4th quarter. Great Lakes Advisors LLC now owns 50,112 shares of the semiconductor company's stock valued at $3,090,000 after acquiring an additional 3,439 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Diodes in the 4th quarter valued at about $306,000. HighTower Advisors LLC raised its holdings in Diodes by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company's stock worth $524,000 after purchasing an additional 335 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in Diodes during the fourth quarter worth approximately $1,323,000. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Trading Down 0.7 %

Shares of DIOD traded down $0.31 during mid-day trading on Wednesday, reaching $46.52. The stock had a trading volume of 263,232 shares, compared to its average volume of 378,576. Diodes Incorporated has a 52-week low of $44.24 and a 52-week high of $86.74. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 48.97 and a beta of 1.31. The business's fifty day moving average is $53.43 and its 200 day moving average is $59.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99.

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Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. On average, sell-side analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DIOD shares. Benchmark cut their price objective on 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.

Insider Activity

In other Diodes news, SVP Emily Yang sold 950 shares of the firm'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 transaction, the senior vice president now 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, President Gary Yu sold 2,900 shares of the stock in a transaction 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 completion of the sale, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. 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.

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.