Diodes Incorporated (NASDAQ:DIOD) Stake Lessened by Congress Asset Management Co.

Congress Asset Management Co. decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,160 shares of the semiconductor company’s stock after selling 239 shares during the quarter. Congress Asset Management Co.’s holdings in Diodes were worth $257,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. FMR LLC grew its stake in Diodes by 19.6% during the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after acquiring an additional 947,118 shares in the last quarter. Victory Capital Management Inc. grew its position in Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock valued at $111,782,000 after purchasing an additional 988,671 shares in the last quarter. Geode Capital Management LLC grew its position in Diodes by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after purchasing an additional 43,841 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Diodes by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock valued at $40,127,000 after buying an additional 31,089 shares during the period. Finally, Tributary Capital Management LLC lifted its position in Diodes by 9.5% in the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock worth $18,653,000 after buying an additional 25,259 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Performance

Shares of DIOD opened at $55.15 on Wednesday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 41.78 and a beta of 1.31. The company’s fifty day moving average is $60.35 and its 200-day moving average is $61.98. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $50.26 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.90% and a net margin of 4.72%. Equities analysts expect that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th. Benchmark lowered their target price on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Insider Activity

In related news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the transaction, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,680 shares of company stock valued at $262,267. Insiders own 2.30% of the company’s stock.

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.