Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Channing Capital Management LLC

Channing Capital Management LLC grew its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 19.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,009,445 shares of the semiconductor company’s stock after acquiring an additional 166,934 shares during the period. Diodes accounts for 2.4% of Channing Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Channing Capital Management LLC’s holdings in Diodes were worth $81,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DIOD. Summit Global Investments increased its stake in shares of Diodes by 20.8% in the fourth quarter. Summit Global Investments now owns 4,648 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 800 shares during the period. Natixis Advisors L.P. boosted its stake in Diodes by 2.5% in the fourth quarter. Natixis Advisors L.P. now owns 102,763 shares of the semiconductor company’s stock worth $8,274,000 after purchasing an additional 2,547 shares in the last quarter. Heritage Wealth Management LLC acquired a new stake in Diodes in the 4th quarter valued at about $201,000. Victory Capital Management Inc. raised its position in Diodes by 12.9% in the 4th quarter. Victory Capital Management Inc. now owns 664,757 shares of the semiconductor company’s stock worth $53,526,000 after purchasing an additional 76,080 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Diodes by 6.0% during the fourth quarter. Russell Investments Group Ltd. now owns 42,991 shares of the semiconductor company’s stock valued at $3,462,000 after acquiring an additional 2,429 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Diodes

In other news, CEO Keh Shew Lu sold 12,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $68.78, for a total transaction of $825,360.00. Following the completion of the transaction, the chief executive officer now directly owns 262,492 shares of the company’s stock, valued at $18,054,199.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Keh Shew Lu sold 12,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $68.78, for a total transaction of $825,360.00. Following the completion of the transaction, the chief executive officer now owns 262,492 shares in the company, valued at $18,054,199.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the sale, the chief financial officer now owns 48,265 shares in the company, valued at $3,248,234.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,900 shares of company stock valued at $1,774,570. 2.30% of the stock is owned by corporate insiders.

Diodes Trading Down 0.2 %

Shares of DIOD stock traded down $0.13 on Friday, hitting $72.79. The stock had a trading volume of 211,308 shares, compared to its average volume of 313,988. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a twelve month low of $60.00 and a twelve month high of $97.37. The company has a fifty day moving average price of $69.17 and a two-hundred day moving average price of $70.44. The firm has a market cap of $3.36 billion, a P/E ratio of 14.82 and a beta of 1.44.

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

Analyst Ratings Changes

DIOD has been the topic of a number of recent research reports. Truist Financial reduced their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. TD Cowen raised their price target on Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company dropped 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 analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.40.

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.