Diodes Incorporated (NASDAQ:DIOD) Stock Holdings Decreased by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in Diodes Incorporated (NASDAQ:DIOD) by 36.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,903 shares of the semiconductor company’s stock after selling 70,517 shares during the period. Hodges Capital Management Inc. owned about 0.27% of Diodes worth $8,805,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Diodes by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,650,727 shares of the semiconductor company’s stock worth $454,997,000 after purchasing an additional 70,121 shares during the period. Earnest Partners LLC boosted its holdings in shares of Diodes by 2.3% during the third quarter. Earnest Partners LLC now owns 2,134,515 shares of the semiconductor company’s stock worth $168,285,000 after purchasing an additional 47,472 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Diodes by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,709,298 shares of the semiconductor company’s stock worth $137,635,000 after purchasing an additional 43,941 shares during the period. Channing Capital Management LLC boosted its holdings in shares of Diodes by 19.8% during the fourth quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after purchasing an additional 166,934 shares during the period. Finally, FMR LLC boosted its holdings in shares of Diodes by 14.1% during the third quarter. FMR LLC now owns 912,667 shares of the semiconductor company’s stock worth $71,955,000 after purchasing an additional 112,620 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the transaction, the director now owns 18,050 shares of the company’s stock, valued at $1,298,878. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Keh Shew Lu sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the transaction, the chief executive officer now owns 87,331 shares of the company’s stock, valued at $6,576,024.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter M. Menard sold 630 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 18,050 shares in the company, valued at approximately $1,298,878. The disclosure for this sale can be found here. Insiders have sold a total of 30,630 shares of company stock valued at $2,272,715 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Diodes Stock Up 1.8 %

NASDAQ DIOD traded up $1.24 during trading on Friday, reaching $71.93. The company’s stock had a trading volume of 1,686,650 shares, compared to its average volume of 233,412. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.32 billion, a PE ratio of 19.60 and a beta of 1.39. The business has a 50-day moving average price of $72.60 and a 200-day moving average price of $71.50. Diodes Incorporated has a 1-year low of $60.00 and a 1-year high of $96.68.

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

Diodes 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.