T. Rowe Price Investment Management Inc. Cuts Holdings in Diodes Incorporated (NASDAQ:DIOD)

T. Rowe Price Investment Management Inc. lessened its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 580,783 shares of the semiconductor company's stock after selling 650,369 shares during the period. T. Rowe Price Investment Management Inc. owned 1.25% of Diodes worth $35,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Diodes by 361.1% during the third quarter. Barclays PLC now owns 79,799 shares of the semiconductor company's stock worth $5,114,000 after acquiring an additional 62,492 shares during the period. JPMorgan Chase & Co. grew its holdings in Diodes by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company's stock valued at $14,532,000 after buying an additional 58,597 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Diodes during the 4th quarter worth $3,027,000. Wedge Capital Management L L P NC lifted its holdings in shares of Diodes by 14.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 66,550 shares of the semiconductor company's stock worth $4,104,000 after buying an additional 8,355 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Diodes by 36.7% in the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after acquiring an additional 533 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Price Performance

NASDAQ DIOD traded up $0.79 during trading on Thursday, hitting $39.19. 494,583 shares of the company's stock were exchanged, compared to its average volume of 544,063. The stock's 50 day moving average price is $42.58 and its two-hundred day moving average price is $54.55. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $86.74. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.82 billion, a PE ratio of 41.25 and a beta of 1.43.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its 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%. Research analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

Analyst Ratings Changes

DIOD has been the subject of several analyst reports. Benchmark dropped their price objective on shares of Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Truist Financial lowered their price objective on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th. Baird R W raised Diodes from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Robert W. Baird raised shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Monday, April 7th. 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 company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Insiders Place Their Bets

In other Diodes news, President Gary Yu sold 2,900 shares of the firm'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 $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the company'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 value of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares in the company, 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. In the last 90 days, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is currently owned by insiders.

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.