LSV Asset Management Sells 605,056 Shares of Diodes Incorporated (NASDAQ:DIOD)

LSV Asset Management trimmed its stake in Diodes Incorporated (NASDAQ:DIOD) by 33.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,191,614 shares of the semiconductor company’s stock after selling 605,056 shares during the period. LSV Asset Management owned about 2.59% of Diodes worth $95,949,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in Diodes during the fourth quarter valued at $30,000. NBC Securities Inc. acquired a new stake in Diodes during the third quarter worth approximately $59,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Diodes by 17.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 176 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Diodes during the 3rd quarter worth approximately $113,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Diodes during the 4th quarter worth approximately $143,000. 99.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DIOD. Truist Financial reduced their price target on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. TD Cowen upped their price target on Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company decreased their price objective on Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $72.40.

Insider Activity

In related news, CEO Keh Shew Lu sold 6,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $68.98, for a total transaction of $413,880.00. Following the completion of the transaction, the chief executive officer now owns 274,492 shares in the company, valued at $18,934,458.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Brett R. Whitmire sold 3,400 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total transaction of $228,820.00. Following the transaction, the chief financial officer now owns 48,265 shares of the company’s stock, valued at approximately $3,248,234.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keh Shew Lu sold 6,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $68.98, for a total transaction of $413,880.00. Following the transaction, the chief executive officer now owns 274,492 shares of the company’s stock, valued at approximately $18,934,458.16. The disclosure for this sale can be found here. Insiders sold a total of 25,900 shares of company stock valued at $1,774,570 over the last three months. Corporate insiders own 2.30% of the company’s stock.

Diodes Stock Down 0.2 %

Shares of DIOD stock traded down $0.13 during trading hours on Friday, reaching $72.79. The company had a trading volume of 211,308 shares, compared to its average volume of 313,988. The business has a fifty day simple moving average of $69.17 and a 200-day simple moving average of $70.49. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $97.37. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 14.82 and a beta of 1.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 2.03.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm had revenue of $322.70 million for the quarter, compared to the consensus estimate of $324.76 million. During the same period in the previous year, the firm earned $1.73 EPS. The business’s revenue for the quarter was down 35.0% compared to the same quarter last year. On average, research analysts expect that Diodes Incorporated will post 2.55 earnings per share for the current fiscal year.

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.