Dimensional Fund Advisors LP Buys 168,545 Shares of Diodes Incorporated (NASDAQ:DIOD)

Dimensional Fund Advisors LP lifted its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,238,567 shares of the semiconductor company's stock after purchasing an additional 168,545 shares during the quarter. Dimensional Fund Advisors LP owned about 4.83% of Diodes worth $138,053,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pitcairn Co. lifted its position in Diodes by 4.2% during the fourth quarter. Pitcairn Co. now owns 5,208 shares of the semiconductor company's stock worth $321,000 after buying an additional 208 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Diodes by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,772 shares of the semiconductor company's stock worth $294,000 after acquiring an additional 262 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Diodes by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company's stock valued at $2,005,000 after purchasing an additional 328 shares during the period. HighTower Advisors LLC increased its position in Diodes by 4.1% during the fourth quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company's stock worth $524,000 after purchasing an additional 335 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in Diodes by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company's stock worth $414,000 after purchasing an additional 425 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Gary Yu sold 2,900 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock valued at $262,267 in the last three months. Company insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Baird R W raised Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Truist Financial reduced their price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price on the stock in a report on Monday, April 7th. Finally, Benchmark cut their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Diodes Price Performance

Shares of DIOD traded up $0.63 during midday trading on Thursday, reaching $39.03. The stock had a trading volume of 80,208 shares, compared to its average volume of 414,778. The firm's 50 day moving average price is $42.58 and its 200-day moving average price is $54.55. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $86.74. The company has a market capitalization of $1.81 billion, a P/E ratio of 41.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share 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%. On average, analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

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.