Dimensional Fund Advisors LP Decreases Stake in Diodes Incorporated (NASDAQ:DIOD)

Dimensional Fund Advisors LP lessened its stake in Diodes Incorporated (NASDAQ:DIODGet Rating) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,146,493 shares of the semiconductor company’s stock after selling 67,461 shares during the quarter. Dimensional Fund Advisors LP owned 4.77% of Diodes worth $235,703,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DIOD. First Trust Advisors LP lifted its stake in Diodes by 91.2% during the first quarter. First Trust Advisors LP now owns 110,769 shares of the semiconductor company’s stock worth $3,844,000 after purchasing an additional 52,849 shares during the last quarter. Morgan Stanley lifted its stake in Diodes by 23.5% during the second quarter. Morgan Stanley now owns 230,215 shares of the semiconductor company’s stock worth $18,365,000 after purchasing an additional 43,842 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Diodes by 7.8% during the third quarter. Commonwealth Equity Services LLC now owns 7,438 shares of the semiconductor company’s stock worth $673,000 after purchasing an additional 536 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Diodes by 49.1% during the third quarter. New York State Common Retirement Fund now owns 76,751 shares of the semiconductor company’s stock worth $6,953,000 after purchasing an additional 25,269 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Diodes by 2.4% during the third quarter. PNC Financial Services Group Inc. now owns 8,058 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

DIOD opened at $80.44 on Thursday. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 16.02 and a beta of 1.18. Diodes Incorporated has a 52 week low of $68.01 and a 52 week high of $113.98. The business’s 50 day moving average is $81.57 and its two-hundred day moving average is $93.48. The company has a quick ratio of 1.78, a current ratio of 2.52 and a debt-to-equity ratio of 0.20.

Diodes (NASDAQ:DIODGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The semiconductor company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.54 by $0.21. The company had revenue of $482.10 million for the quarter, compared to analyst estimates of $480.45 million. Diodes had a return on equity of 20.10% and a net margin of 12.67%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Equities analysts expect that Diodes Incorporated will post 6.43 EPS for the current fiscal year.

In other news, insider Richard Dallas White sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $89.39, for a total value of $446,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julie Holland sold 3,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $89.39, for a total value of $290,517.50. The disclosure for this sale can be found here. In the last three months, insiders sold 39,635 shares of company stock worth $3,404,565. Corporate insiders own 2.60% of the company’s stock.

Several equities research analysts recently weighed in on DIOD shares. Truist Financial decreased their target price on Diodes from $125.00 to $97.00 in a research note on Friday, April 8th. StockNews.com started coverage on Diodes in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research lowered Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $102.75.

About Diodes (Get Rating)

Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

Further Reading

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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