Bridge City Capital LLC Grows Stock Position in Diodes Incorporated $DIOD

Bridge City Capital LLC lifted its stake in Diodes Incorporated (NASDAQ:DIOD) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,332 shares of the semiconductor company’s stock after buying an additional 7,101 shares during the period. Diodes makes up approximately 1.7% of Bridge City Capital LLC’s holdings, making the stock its 16th largest holding. Bridge City Capital LLC owned about 0.25% of Diodes worth $5,740,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DIOD. Arrowstreet Capital Limited Partnership purchased a new position in shares of Diodes in the third quarter worth about $37,519,000. Victory Capital Management Inc. increased its holdings in shares of Diodes by 901.2% in the fourth quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock worth $25,145,000 after buying an additional 458,727 shares during the period. Invesco Ltd. increased its holdings in shares of Diodes by 183.0% in the third quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock worth $27,617,000 after buying an additional 335,644 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Diodes by 132.3% in the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock worth $21,267,000 after buying an additional 228,976 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Diodes by 671.4% in the third quarter. Lazard Asset Management LLC now owns 220,951 shares of the semiconductor company’s stock worth $11,757,000 after buying an additional 192,309 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Up 1.8%

Shares of NASDAQ:DIOD opened at $108.75 on Friday. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $121.96. The company has a market cap of $5.00 billion, a PE ratio of 59.10 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. The stock’s 50-day moving average is $98.86 and its 200 day moving average is $72.92.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The company had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.Diodes’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. Sell-side analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DIOD shares. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diodes presently has an average rating of “Buy” and a consensus price target of $113.00.

Insider Buying and Selling at Diodes

In other Diodes news, insider Richard Dallas White sold 3,000 shares of Diodes stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $106.17, for a total transaction of $318,510.00. Following the sale, the insider directly owned 8,071 shares of the company’s stock, valued at approximately $856,898.07. The trade was a 27.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Emily Yang sold 3,000 shares of Diodes stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $330,240.00. Following the sale, the senior vice president directly owned 61,878 shares in the company, valued at approximately $6,811,530.24. The trade was a 4.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 70,981 shares of company stock worth $7,616,906. Insiders own 1.70% of the company’s stock.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.