Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Bridge City Capital LLC

Bridge City Capital LLC boosted its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 7.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,834 shares of the semiconductor company’s stock after purchasing an additional 6,667 shares during the period. Diodes makes up approximately 1.5% of Bridge City Capital LLC’s portfolio, making the stock its 19th biggest holding. Bridge City Capital LLC’s holdings in Diodes were worth $5,725,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Truvestments Capital LLC purchased a new position in Diodes during the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC increased its holdings in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Diodes during the 4th quarter valued at approximately $79,000. KBC Group NV boosted its holdings in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after buying an additional 368 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Diodes during the third quarter valued at $184,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 over the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $45.30 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The firm has a market cap of $2.10 billion, a PE ratio of 47.68 and a beta of 1.31. Diodes Incorporated has a one year low of $44.24 and a one year high of $86.74. The firm has a fifty day moving average of $53.93 and a 200 day moving average of $59.33.

Diodes (NASDAQ:DIOD) last released its quarterly 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%. As a group, research analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial decreased their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th. Benchmark reduced 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.