William Blair Investment Management LLC Acquires 13,310 Shares of Diodes Incorporated (NASDAQ:DIOD)

William Blair Investment Management LLC grew its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 476,263 shares of the semiconductor company’s stock after purchasing an additional 13,310 shares during the quarter. William Blair Investment Management LLC’s holdings in Diodes were worth $29,371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in 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. boosted its position 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 acquiring an additional 163,374 shares during the period. Cinctive Capital Management LP bought a new position in shares of Diodes in the third quarter valued at approximately $7,791,000. Raymond James Financial Inc. bought a new position in shares of Diodes in the fourth quarter valued at approximately $7,063,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Diodes by 50.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company’s stock valued at $15,795,000 after acquiring an additional 85,943 shares during the period. Institutional investors own 99.23% of the company’s stock.

Diodes Trading Down 0.8 %

Shares of DIOD opened at $46.55 on Wednesday. The firm’s 50 day simple moving average is $55.01 and its 200 day simple moving average is $59.72. The company has a market capitalization of $2.16 billion, a P/E ratio of 49.00 and a beta of 1.31. 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 Incorporated has a 1-year low of $44.24 and a 1-year high of $86.74.

Diodes (NASDAQ:DIOD) last announced 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 net margin of 3.36% and a return on equity of 3.28%. Sell-side analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Diodes news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the transaction, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Gary Yu sold 2,900 shares of Diodes 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 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. Over the last ninety days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DIOD has been the subject of a number of analyst reports. Truist Financial cut 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 cut their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research 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.