Cambiar Investors LLC Sells 2,375 Shares of Diodes Incorporated (NASDAQ:DIOD)

Cambiar Investors LLC decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 7.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,636 shares of the semiconductor company’s stock after selling 2,375 shares during the period. Cambiar Investors LLC owned approximately 0.06% of Diodes worth $1,704,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in DIOD. JPMorgan Chase & Co. increased its holdings in Diodes by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock valued at $14,532,000 after purchasing an additional 58,597 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Diodes by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after buying an additional 31,089 shares during the period. Geode Capital Management LLC increased its stake in shares of Diodes by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after acquiring an additional 43,841 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of Diodes by 9.5% in the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock valued at $18,653,000 after acquiring an additional 25,259 shares during the period. Finally, Versor Investments LP bought a new position in Diodes during the 3rd quarter worth approximately $680,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

DIOD has been the subject of several recent analyst reports. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Benchmark dropped their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Truist Financial decreased their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th.

Insider Buying and Selling at Diodes

In other news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the sale, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,680 shares of company stock worth $262,267. Corporate insiders own 2.30% of the company’s stock.

Diodes Stock Down 4.4 %

Shares of DIOD stock opened at $50.98 on Wednesday. Diodes Incorporated has a 12-month low of $50.64 and a 12-month high of $86.74. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $61.13 and a 200-day moving average of $62.74. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 38.62 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.90% and a net margin of 4.72%. As a group, equities research analysts predict that Diodes Incorporated will post 1.35 earnings per share 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.