Intech Investment Management LLC Grows Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Intech Investment Management LLC lifted its stake in Diodes Incorporated (NASDAQ:DIOD) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,622 shares of the semiconductor company’s stock after buying an additional 3,903 shares during the period. Intech Investment Management LLC’s holdings in Diodes were worth $963,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DIOD. JPMorgan Chase & Co. grew its stake in shares of Diodes by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after purchasing an additional 58,597 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Diodes by 5.2% during 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 acquiring an additional 31,089 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Diodes by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after purchasing an additional 43,841 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 522 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Diodes in the 4th quarter worth approximately $970,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Down 0.8 %

DIOD opened at $45.30 on Friday. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $53.93 and a 200-day moving average price of $59.33. Diodes Incorporated has a twelve month low of $44.24 and a twelve month high of $86.74. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 47.68 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Equities research analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current year.

Analysts Set New Price Targets

DIOD has been the subject of several recent analyst reports. Truist Financial decreased their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. Benchmark decreased their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th.

Insider Buying and Selling at Diodes

In other Diodes news, SVP Emily Yang sold 950 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the sale, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the 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 sale, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,680 shares of company stock valued at $262,267. Insiders own 2.30% of the company’s stock.

Diodes Company 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.