Boston Partners Grows Stock Holdings in Diodes Incorporated $DIOD

Boston Partners lifted its position in Diodes Incorporated (NASDAQ:DIOD) by 141.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,741 shares of the semiconductor company’s stock after buying an additional 23,276 shares during the period. Boston Partners owned approximately 0.09% of Diodes worth $2,102,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DIOD. Global Alpha Capital Management Ltd. boosted its stake in Diodes by 56.9% in the second quarter. Global Alpha Capital Management Ltd. now owns 846,070 shares of the semiconductor company’s stock valued at $44,749,000 after acquiring an additional 306,900 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Diodes by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 723,733 shares of the semiconductor company’s stock valued at $31,244,000 after purchasing an additional 36,488 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Diodes by 12.3% in the 1st quarter. Royal Bank of Canada now owns 494,235 shares of the semiconductor company’s stock worth $21,336,000 after purchasing an additional 54,309 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after buying an additional 47,500 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Diodes by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 313,803 shares of the semiconductor company’s stock valued at $16,597,000 after buying an additional 15,923 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Diodes in a report on Tuesday. Zacks Research cut shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Truist Financial dropped their target price on shares of Diodes from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Wall Street Zen cut shares of Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.33.

Insider Transactions at Diodes

In other Diodes news, Director Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total value of $284,520.00. Following the sale, the director directly owned 244,397 shares of the company’s stock, valued at approximately $11,589,305.74. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $46.22 on Friday. The business’s 50 day moving average price is $51.02 and its 200 day moving average price is $51.61. The firm has a market cap of $2.14 billion, a P/E ratio of 33.73 and a beta of 1.65. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $67.12. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $350.37 million during the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. On average, sell-side analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current 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.