Fisher Asset Management LLC Raises Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Fisher Asset Management LLC increased its stake in Diodes Incorporated (NASDAQ:DIOD) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,489 shares of the semiconductor company’s stock after purchasing an additional 16,003 shares during the quarter. Fisher Asset Management LLC owned 0.40% of Diodes worth $11,501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Diodes in the fourth quarter worth approximately $970,000. CIBC Asset Management Inc bought a new position in Diodes in the fourth quarter worth approximately $283,000. Sanctuary Advisors LLC raised its position in Diodes by 6.4% in the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock worth $414,000 after acquiring an additional 425 shares during the period. Principal Financial Group Inc. raised its position in Diodes by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 224,797 shares of the semiconductor company’s stock worth $13,863,000 after acquiring an additional 6,307 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in Diodes by 35.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,376 shares of the semiconductor company’s stock worth $2,367,000 after acquiring an additional 9,970 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insider Activity at Diodes

In related news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction 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 completion of the transaction, the president now directly owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

DIOD has been the topic of several recent research reports. Benchmark decreased their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, 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 report on Wednesday, February 12th.

Diodes Stock Down 3.5 %

Shares of DIOD stock opened at $47.65 on Tuesday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 50.16 and a beta of 1.31. Diodes Incorporated has a one year low of $47.31 and a one year high of $86.74. The company’s fifty day moving average price is $58.52 and its 200-day moving average price is $61.35. 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 announced its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Sell-side analysts expect that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Diodes Profile

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.