William Blair Investment Management LLC Boosts Holdings in Diodes Incorporated (NASDAQ:DIOD)

William Blair Investment Management LLC raised its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 476,263 shares of the semiconductor company's stock after acquiring an additional 13,310 shares during the period. William Blair Investment Management LLC owned approximately 1.03% of Diodes worth $29,371,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. FMR LLC increased its holdings 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 last quarter. Victory Capital Management Inc. increased 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 buying an additional 163,374 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 worth $81,154,000 after buying an additional 43,841 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Diodes by 9.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company's stock worth $42,382,000 after buying an additional 61,139 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. increased its holdings in shares of Diodes by 4.7% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 259,770 shares of the semiconductor company's stock worth $16,020,000 after buying an additional 11,600 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Diodes

In other news, President Gary Yu sold 2,900 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 $162,516.00. Following the completion of the sale, the president now owns 79,697 shares of the company's stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The sale 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 company'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 sale, the chief financial officer now directly owns 51,525 shares of the company's stock, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock valued at $262,267 in the last three months. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Benchmark reduced their target price on shares of Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a 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 on the stock in a report on Wednesday, February 12th.

Diodes Trading Down 0.8 %

NASDAQ:DIOD traded down $0.36 during mid-day trading on Friday, hitting $45.30. 960,126 shares of the stock traded hands, compared to its average volume of 379,285. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 47.68 and a beta of 1.31. Diodes Incorporated has a 52 week low of $44.24 and a 52 week high of $86.74. The firm's 50 day moving average is $53.93 and its two-hundred day moving average is $59.36. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) 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%. On average, equities research analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes Company 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.