Brandywine Global Investment Management LLC Invests $3.42 Million in Diodes Incorporated $DIOD

Brandywine Global Investment Management LLC purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 69,378 shares of the semiconductor company’s stock, valued at approximately $3,423,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Diodes by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after acquiring an additional 153,905 shares during the period. Evergreen Capital Management LLC bought a new position in Diodes during the fourth quarter valued at about $476,000. Tributary Capital Management LLC increased its stake in Diodes by 7.1% during the fourth quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock valued at $17,073,000 after acquiring an additional 22,903 shares during the period. Vanguard Group Inc. increased its stake in Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after acquiring an additional 166,603 shares during the period. Finally, Bessemer Group Inc. increased its stake in Diodes by 14.5% during the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock valued at $20,707,000 after acquiring an additional 53,039 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DIOD has been the topic of several research reports. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Benchmark boosted 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. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $120.00 price objective on Diodes in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $113.00.

Diodes Trading Down 3.0%

DIOD stock opened at $100.45 on Thursday. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $121.96. The firm has a market cap of $4.61 billion, a P/E ratio of 54.59 and a beta of 1.90. The business’s 50 day moving average is $97.29 and its 200-day moving average is $72.23. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The company had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. Equities analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Francis Tang sold 15,330 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $112.04, for a total value of $1,717,573.20. Following the sale, the chief technology officer directly owned 71,438 shares in the company, valued at approximately $8,003,913.52. This represents a 17.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gary Yu sold 3,632 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the sale, the chief executive officer owned 108,147 shares in the company, valued at approximately $11,904,821.76. This represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 70,981 shares of company stock worth $7,616,906. Insiders own 1.70% of the company’s stock.

Diodes Profile

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.