Vanguard Group Inc. Purchases 102,263 Shares of Diodes Incorporated (NASDAQ:DIOD)

Vanguard Group Inc. lifted its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,910,766 shares of the semiconductor company's stock after acquiring an additional 102,263 shares during the period. Vanguard Group Inc. owned 12.76% of Diodes worth $364,517,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DIOD. Corient Private Wealth LLC increased its position in shares of Diodes by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company's stock valued at $2,005,000 after purchasing an additional 328 shares during the last quarter. HighTower Advisors LLC increased its position in Diodes by 4.1% during the fourth quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company's stock valued at $524,000 after acquiring an additional 335 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Diodes by 6.4% in the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company's stock valued at $414,000 after acquiring an additional 425 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 522 shares during the last quarter. Finally, KBC Group NV raised its position in Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock worth $123,000 after purchasing an additional 533 shares during the period. 99.23% of the stock is owned by institutional investors.

Diodes Trading Up 4.5 %

Shares of NASDAQ:DIOD traded up $1.58 during trading on Monday, reaching $36.68. 1,082,044 shares of the company were exchanged, compared to its average volume of 398,795. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The firm has a market capitalization of $1.70 billion, a PE ratio of 38.61 and a beta of 1.43. The business's fifty day simple moving average is $49.91 and its 200-day simple moving average is $57.89. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $86.74.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DIOD shares. Benchmark cut their target price on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Truist Financial cut their price objective on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report 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 for the company in a research report on Monday.

Insider Activity at Diodes

In other 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 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, CFO Brett R. Whitmire sold 830 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 $2,887,461. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock worth $262,267 over the last three months. 2.30% of the stock is owned by corporate insiders.

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.