Boston Partners Grows Position in Diodes Incorporated $DIOD

Boston Partners lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 141.4% during the second quarter, Holdings Channel.com reports. The firm owned 39,741 shares of the semiconductor company’s stock after acquiring an additional 23,276 shares during the period. Boston Partners’ holdings in Diodes were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. boosted its holdings in Diodes by 56.9% during the second quarter. Global Alpha Capital Management Ltd. now owns 846,070 shares of the semiconductor company’s stock worth $44,749,000 after buying an additional 306,900 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Diodes by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 723,733 shares of the semiconductor company’s stock worth $31,244,000 after acquiring an additional 36,488 shares during the period. Royal Bank of Canada boosted its stake in shares of Diodes by 12.3% during the 1st quarter. Royal Bank of Canada now owns 494,235 shares of the semiconductor company’s stock worth $21,336,000 after acquiring an additional 54,309 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock valued at $16,880,000 after acquiring an additional 47,500 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Diodes by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 313,803 shares of the semiconductor company’s stock valued at $16,597,000 after acquiring an additional 15,923 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Stock Up 0.2%

Shares of DIOD opened at $46.22 on Friday. The stock has a 50 day moving average price of $51.02 and a 200 day moving average price of $51.61. Diodes Incorporated has a one year low of $32.93 and a one year high of $67.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 33.73 and a beta of 1.65.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share for the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The company had revenue of $350.37 million for the quarter. Equities research analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the sale, the director owned 244,397 shares of the company’s stock, valued at approximately $11,589,305.74. This represents a 2.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research downgraded Diodes from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Wall Street Zen downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Truist Financial dropped their price target on shares of Diodes from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Diodes in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Diodes presently has an average rating of “Hold” and a consensus target price of $54.33.

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.