Vanguard Group Inc. Boosts Stake in Diodes Incorporated (NASDAQ:DIOD)

Vanguard Group Inc. lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,650,727 shares of the semiconductor company’s stock after acquiring an additional 70,121 shares during the quarter. Vanguard Group Inc. owned 12.30% of Diodes worth $454,997,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Diodes by 15.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 211,463 shares of the semiconductor company’s stock worth $17,027,000 after acquiring an additional 27,814 shares in the last quarter. Aurora Investment Counsel boosted its stake in shares of Diodes by 9.3% during the 4th quarter. Aurora Investment Counsel now owns 14,427 shares of the semiconductor company’s stock worth $1,162,000 after acquiring an additional 1,222 shares in the last quarter. Clear Street Markets LLC acquired a new position in shares of Diodes during the 4th quarter worth about $139,000. Frontier Capital Management Co. LLC raised its position in shares of Diodes by 478.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 391,415 shares of the semiconductor company’s stock worth $31,517,000 after purchasing an additional 323,759 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Diodes by 23.5% during the 4th quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock worth $58,328,000 after purchasing an additional 137,676 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Stock Down 0.0 %

DIOD stock opened at $70.60 on Thursday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 19.24 and a beta of 1.39. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $96.68. The firm has a 50-day moving average of $72.44 and a two-hundred day moving average of $71.52.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $301.90 million during the quarter, compared to the consensus estimate of $305.47 million. Diodes had a net margin of 11.36% and a return on equity of 9.11%. Diodes’s quarterly revenue was down 35.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 EPS. As a group, analysts forecast that Diodes Incorporated will post 1.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Robert W. Baird upped their price target on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Truist Financial upped their price target on shares of Diodes from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.20.

Insider Transactions at Diodes

In other news, CEO Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $73.93, for a total transaction of $443,580.00. Following the completion of the sale, the chief executive officer now owns 102,996 shares in the company, valued at approximately $7,614,494.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $73.93, for a total transaction of $443,580.00. Following the completion of the sale, the chief executive officer now owns 102,996 shares in the company, valued at approximately $7,614,494.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter M. Menard sold 630 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total transaction of $45,334.80. Following the sale, the director now owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The disclosure for this sale can be found here. Insiders sold 30,630 shares of company stock worth $2,272,715 in the last 90 days. Insiders own 2.30% of the company’s stock.

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.