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

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in Diodes Incorporated (NASDAQ:DIOD) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 1.75% of Diodes worth $49,960,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its holdings in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Diodes during the 4th quarter worth about $79,000. KBC Group NV grew its stake in Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 533 shares during the last quarter. Xponance Inc. bought a new position in Diodes in the 4th quarter valued at about $203,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Diodes during the fourth quarter worth approximately $250,000. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DIOD. Benchmark lowered their target price on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Truist Financial reduced 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.

Insider Activity at Diodes

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

Diodes Stock Performance

Shares of NASDAQ:DIOD opened at $43.32 on Friday. Diodes Incorporated has a 1 year low of $42.93 and a 1 year high of $86.74. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 45.60 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The company’s 50 day simple moving average is $52.52 and its 200 day simple moving average is $58.78.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. As a group, research analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

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.