Natixis Advisors LLC Acquires 36,019 Shares of Diodes Incorporated (NASDAQ:DIOD)

Natixis Advisors LLC raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 68.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,602 shares of the semiconductor company’s stock after buying an additional 36,019 shares during the quarter. Natixis Advisors LLC owned 0.19% of Diodes worth $5,464,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Diodes by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after purchasing an additional 58,597 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Diodes by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after purchasing an additional 31,089 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Diodes by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after purchasing an additional 43,841 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 522 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Diodes in the 4th quarter worth about $970,000. Institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

DIOD has been the topic of a number of research analyst reports. Benchmark decreased their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Truist Financial cut their target price 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.

Insider Activity at Diodes

In related news, CFO Brett R. Whitmire sold 830 shares of the 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 $46,513.20. Following the completion of the sale, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Gary Yu sold 2,900 shares of the stock in a transaction that occurred 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 sale, the president now directly owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Diodes Stock Performance

Diodes stock opened at $45.30 on Friday. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1 year low of $44.24 and a 1 year high of $86.74. The company has a market cap of $2.10 billion, a PE ratio of 47.68 and a beta of 1.31. The company’s 50-day moving average is $53.93 and its two-hundred day moving average is $59.36.

Diodes (NASDAQ:DIOD) last announced its quarterly 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%. Equities analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes Company 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.