Barrow Hanley Mewhinney & Strauss LLC Has $49.96 Million Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 810,126 shares of the semiconductor company's stock after selling 36,615 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.75% of Diodes worth $49,960,000 at the end of the most recent reporting period.

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

Diodes Price Performance

Shares of NASDAQ:DIOD traded down $0.84 on Wednesday, hitting $45.77. The stock had a trading volume of 71,307 shares, compared to its average volume of 427,723. The firm's 50 day moving average price is $41.13 and its 200-day moving average price is $52.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $86.74. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 48.18 and a beta of 1.37.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $332.11 million during the quarter, compared to the consensus estimate of $323.28 million. Diodes had a net margin of 3.36% and a return on equity of 3.28%. The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. On average, equities research analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

DIOD has been the topic of a number of research reports. Robert W. Baird upgraded Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective on the stock in a research report on Monday, April 7th. Benchmark lowered their price target on shares of Diodes from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Truist Financial reduced their price objective on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, February 12th. Finally, Baird R W raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.67.

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.