Cambiar Investors LLC Sells 2,375 Shares of Diodes Incorporated (NASDAQ:DIOD)

Cambiar Investors LLC lessened its position in Diodes Incorporated (NASDAQ:DIOD) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,636 shares of the semiconductor company’s stock after selling 2,375 shares during the period. Cambiar Investors LLC’s holdings in Diodes were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DIOD. FMR LLC boosted its position in Diodes by 19.6% during the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after purchasing an additional 947,118 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Diodes by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after buying an additional 988,671 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Diodes by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after buying an additional 43,841 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Diodes by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock valued at $40,127,000 after buying an additional 31,089 shares during the last quarter. Finally, Tributary Capital Management LLC raised its holdings in Diodes by 9.5% in the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock valued at $18,653,000 after acquiring an additional 25,259 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Stock Down 4.4 %

Shares of DIOD opened at $50.98 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $50.64 and a 12 month high of $86.74. The firm’s 50 day moving average is $61.13 and its 200-day moving average is $62.74. The stock has a market capitalization of $2.36 billion, a PE ratio of 38.62 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.90% and a net margin of 4.72%. Equities research analysts forecast that Diodes Incorporated will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DIOD. Truist Financial reduced their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Benchmark lowered their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, November 11th.

Insider Activity at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Gary Yu sold 2,900 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the transaction, the president now directly owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This trade represents a 3.51 % 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.

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.