Natixis Advisors LLC Acquires 36,019 Shares of Diodes Incorporated (NASDAQ:DIOD)

Natixis Advisors LLC raised its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 68.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 88,602 shares of the semiconductor company’s stock after buying an additional 36,019 shares during the period. Natixis Advisors LLC’s holdings in Diodes were worth $5,464,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. FMR LLC grew its stake in shares of Diodes by 19.6% during the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after acquiring an additional 947,118 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Diodes by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock valued at $117,636,000 after buying an additional 163,374 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after buying an additional 43,841 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Diodes by 9.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company’s stock valued at $42,382,000 after buying an additional 61,139 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. grew its stake in shares of Diodes by 4.7% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 259,770 shares of the semiconductor company’s stock valued at $16,020,000 after buying an additional 11,600 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Insider Activity at Diodes

In related news, President Gary Yu sold 2,900 shares of the business’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 of the company’s stock, valued at $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the transaction, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock valued at $262,267 over the last quarter. 2.30% of the stock is owned by corporate insiders.

Diodes Trading Down 0.8 %

Shares of Diodes stock opened at $45.30 on Friday. 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. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 47.68 and a beta of 1.31. The business has a fifty day simple moving average of $53.93 and a two-hundred day simple moving average of $59.36.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.