Victory Capital Management Inc. Has $117.64 Million Holdings in Diodes Incorporated (NASDAQ:DIOD)

Victory Capital Management Inc. lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,907,509 shares of the semiconductor company’s stock after purchasing an additional 163,374 shares during the quarter. Victory Capital Management Inc.’s holdings in Diodes were worth $117,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Diodes by 34.8% during 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Diodes by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after buying an additional 31,089 shares during the period. Geode Capital Management LLC lifted its position 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. Versor Investments LP bought a new position in shares of Diodes during the 3rd quarter worth approximately $680,000. Finally, GSA Capital Partners LLP bought a new position in shares of Diodes during the 3rd quarter worth approximately $922,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Trading Up 2.0 %

Shares of DIOD opened at $49.21 on Thursday. The stock has a fifty day moving average price of $58.22 and a two-hundred day moving average price of $61.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. Diodes Incorporated has a 52-week low of $46.56 and a 52-week high of $86.74. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 51.80 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Buying and Selling at Diodes

In other news, 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 transaction of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares in the company, valued at $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brett R. Whitmire sold 830 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 $46,513.20. Following the sale, the chief financial officer now owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

DIOD has been the subject of several analyst reports. Truist Financial cut their target price on 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 target price on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

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.