First Eagle Investment Management LLC Has $5.65 Million Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

First Eagle Investment Management LLC decreased its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,112 shares of the semiconductor company's stock after selling 24,797 shares during the period. First Eagle Investment Management LLC owned 0.15% of Diodes worth $5,645,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DIOD. Raymond James Financial Services Advisors Inc. increased its position in shares of Diodes by 5.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,892 shares of the semiconductor company's stock worth $228,000 after acquiring an additional 148 shares during the period. Mendota Financial Group LLC lifted its stake in shares of Diodes by 8.5% during the fourth quarter. Mendota Financial Group LLC now owns 2,039 shares of the semiconductor company's stock worth $164,000 after buying an additional 160 shares during the period. Signaturefd LLC lifted its stake in shares of Diodes by 9.0% during the third quarter. Signaturefd LLC now owns 2,018 shares of the semiconductor company's stock worth $159,000 after buying an additional 167 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Diodes by 3.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,040 shares of the semiconductor company's stock worth $476,000 after buying an additional 180 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Diodes by 1.4% during the third quarter. Arizona State Retirement System now owns 13,018 shares of the semiconductor company's stock worth $1,026,000 after buying an additional 180 shares during the period. Institutional investors own 99.23% of the company's stock.

Diodes Price Performance

Shares of DIOD stock traded up $0.86 on Friday, reaching $73.27. 307,333 shares of the company were exchanged, compared to its average volume of 354,022. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 19.96 and a beta of 1.44. The business has a 50-day moving average price of $70.09 and a 200 day moving average price of $70.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. Diodes Incorporated has a 1 year low of $60.00 and a 1 year high of $97.37.

Diodes (NASDAQ:DIOD - Get Free Report) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $301.90 million during the quarter, compared to analysts' expectations of $305.47 million. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The company's quarterly revenue was down 35.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 earnings per share. Equities research analysts forecast that Diodes Incorporated will post 1.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DIOD has been the subject of a number of research reports. Truist Financial boosted their target price on shares of Diodes from $67.00 to $74.00 and gave the company a "hold" rating in a research report on Friday, May 10th. Wells Fargo & Company cut their price objective on shares of Diodes from $80.00 to $70.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. TD Cowen lifted their price objective on shares of Diodes from $72.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. Finally, Robert W. Baird lifted their price objective on shares of Diodes from $56.00 to $72.00 and gave the company a "neutral" rating in a report on Friday, May 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Diodes currently has a consensus rating of "Hold" and an average target price of $74.20.

Insider Transactions at Diodes

In other news, CEO Keh Shew Lu sold 3,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $68.14, for a total transaction of $204,420.00. Following the completion of the sale, the chief executive officer now owns 256,492 shares of the company's stock, valued at $17,477,364.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Keh Shew Lu sold 3,000 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $68.14, for a total transaction of $204,420.00. Following the completion of the sale, the chief executive officer now owns 256,492 shares of the company's stock, valued at approximately $17,477,364.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brett R. Whitmire sold 3,400 shares of the company's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the sale, the chief financial officer now directly owns 48,265 shares of the company's stock, valued at approximately $3,248,234.50. The disclosure for this sale can be found here. Insiders sold 25,900 shares of company stock valued at $1,774,570 over the last 90 days. Corporate insiders own 2.30% of the company's stock.

Diodes 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.