Earnest Partners LLC Decreases Stock Position in Diodes Incorporated $DIOD

Earnest Partners LLC decreased its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 5.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,085,173 shares of the semiconductor company’s stock after selling 59,826 shares during the period. Earnest Partners LLC’s holdings in Diodes were worth $57,742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DIOD. AQR Capital Management LLC increased its stake in shares of Diodes by 12.4% during the first quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after buying an additional 663 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Diodes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after acquiring an additional 1,186 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after acquiring an additional 47,500 shares in the last quarter. Woodline Partners LP acquired a new position in Diodes during the 1st quarter worth approximately $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Diodes by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock valued at $4,521,000 after purchasing an additional 6,708 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insiders Place Their Bets

In related news, Director Keh Shew Lu sold 111,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $67.76, for a total value of $7,521,360.00. Following the completion of the sale, the director directly owned 180,131 shares of the company’s stock, valued at $12,205,676.56. This represents a 38.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $50,505.50. Following the transaction, the chief financial officer owned 67,141 shares in the company, valued at $4,085,529.85. This represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 116,205 shares of company stock worth $7,837,213. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DIOD shares. Weiss Ratings raised shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Benchmark raised their price target on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Truist Financial lifted their price target on Diodes from $54.00 to $67.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Zacks Research cut Diodes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.67.

Diodes Trading Up 3.6%

NASDAQ DIOD opened at $63.88 on Monday. The firm’s fifty day moving average price is $62.15 and its 200 day moving average price is $55.19. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $81.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 44.99 and a beta of 1.61.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The firm had revenue of $391.58 million during the quarter, compared to analysts’ expectations of $380.03 million. During the same period in the previous year, the company earned $0.27 earnings per share. Diodes’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, sell-side analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.