Earnest Partners LLC Acquires 7,552 Shares of Diodes Incorporated (NASDAQ:DIOD)

Earnest Partners LLC grew its position in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,119,097 shares of the semiconductor company's stock after purchasing an additional 7,552 shares during the period. Earnest Partners LLC owned about 4.57% of Diodes worth $130,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DIOD. Hood River Capital Management LLC acquired a new stake in Diodes during the 4th quarter worth $72,037,000. Norges Bank acquired a new stake in shares of Diodes during the fourth quarter worth about $33,933,000. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock valued at $138,053,000 after purchasing an additional 168,545 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Diodes by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock valued at $117,636,000 after purchasing an additional 163,374 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Diodes by 55.9% in the 4th quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company's stock worth $21,806,000 after purchasing an additional 126,853 shares during the period. 99.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Diodes

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

Diodes Stock Up 5.7 %

Shares of NASDAQ:DIOD traded up $2.22 during midday trading on Friday, hitting $41.41. The stock had a trading volume of 132,144 shares, compared to its average volume of 415,544. The company has a market cap of $1.92 billion, a P/E ratio of 43.45 and a beta of 1.43. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $86.74. The business's 50-day simple moving average is $42.28 and its 200-day simple moving average is $54.37. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

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

Analysts Set New Price Targets

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

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.