Dimensional Fund Advisors LP Acquires 53,934 Shares of Diodes Incorporated $DIOD

Dimensional Fund Advisors LP raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,436,359 shares of the semiconductor company’s stock after buying an additional 53,934 shares during the period. Dimensional Fund Advisors LP owned 0.05% of Diodes worth $166,294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of Diodes by 3.1% in the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 145 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Diodes by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock valued at $416,000 after purchasing an additional 186 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Strs Ohio grew its stake in Diodes by 2.2% in the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $449,000 after buying an additional 200 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Diodes Trading Down 6.1%

NASDAQ DIOD opened at $87.11 on Friday. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $125.99. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $102.45 and a 200-day moving average of $83.74. The firm has a market cap of $4.00 billion, a PE ratio of 47.34 and a beta of 1.88.

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

Wall Street Analysts Forecast Growth

DIOD has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Truist Financial increased their target price on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Insider Activity

In other news, insider Jin Zhao sold 3,689 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $106.86, for a total transaction of $394,206.54. Following the transaction, the insider directly owned 43,531 shares of the company’s stock, valued at approximately $4,651,722.66. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Emily Yang sold 3,000 shares of the company’s 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 transaction, the senior vice president owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. This represents a 4.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 70,981 shares of company stock valued at $7,616,906. 1.70% of the stock is owned by corporate insiders.

Diodes 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.