Great Lakes Advisors LLC Boosts Stake in Diodes Incorporated (NASDAQ:DIOD)

Great Lakes Advisors LLC lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,112 shares of the semiconductor company’s stock after acquiring an additional 3,439 shares during the quarter. Great Lakes Advisors LLC owned 0.11% of Diodes worth $3,090,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DIOD. Truvestments Capital LLC purchased a new position in Diodes in the 3rd quarter valued at about $29,000. Smartleaf Asset Management LLC lifted its stake in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 522 shares in the last quarter. KBC Group NV lifted its stake in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 368 shares in the last quarter. Quest Partners LLC purchased a new position in Diodes in the 3rd quarter valued at about $184,000. Finally, Verdence Capital Advisors LLC purchased a new position in Diodes in the 4th quarter valued at about $250,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on DIOD shares. Truist Financial decreased their price target on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. Benchmark lowered their target price on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th.

Diodes Trading Up 0.2 %

Shares of Diodes stock opened at $46.03 on Friday. The stock has a market cap of $2.13 billion, a P/E ratio of 48.45 and a beta of 1.31. The stock’s 50 day simple moving average is $55.76 and its 200-day simple moving average is $60.14. Diodes Incorporated has a 1-year low of $44.24 and a 1-year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99.

Diodes (NASDAQ:DIOD) last issued its earnings results 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 return on equity of 3.28% and a net margin of 3.36%. Analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Activity

In other news, President Gary Yu sold 2,900 shares of Diodes 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 $162,516.00. Following the sale, the president now owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Emily Yang sold 950 shares of Diodes 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 $53,238.00. Following the sale, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by company 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.