Bridge City Capital LLC Purchases 7,101 Shares of Diodes Incorporated $DIOD

Bridge City Capital LLC raised its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,332 shares of the semiconductor company’s stock after acquiring an additional 7,101 shares during the quarter. Diodes makes up approximately 1.7% of Bridge City Capital LLC’s holdings, making the stock its 16th largest position. Bridge City Capital LLC’s holdings in Diodes were worth $5,740,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in shares of Diodes in the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC boosted its position in shares of Diodes by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,536 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 397 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Diodes by 3.6% in the 4th quarter. First Trust Advisors LP now owns 42,045 shares of the semiconductor company’s stock worth $2,074,000 after purchasing an additional 1,459 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Diodes by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company’s stock worth $39,340,000 after purchasing an additional 17,506 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Diodes by 901.2% in the 4th quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock worth $25,145,000 after purchasing an additional 458,727 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Emily Yang sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $330,240.00. Following the completion of the transaction, the senior vice president directly owned 61,878 shares in the company, valued at $6,811,530.24. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 16,556 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total transaction of $1,710,897.04. Following the completion of the transaction, the chief financial officer owned 44,632 shares of the company’s stock, valued at approximately $4,612,270.88. The trade was a 27.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 70,981 shares of company stock worth $7,616,906 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on DIOD shares. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Robert W. Baird set a $120.00 price target on Diodes in a research report on Friday, May 8th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Diodes currently has a consensus rating of “Buy” and an average price target of $113.00.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $108.75 on Friday. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $121.96. The firm has a market cap of $5.00 billion, a P/E ratio of 59.10 and a beta of 1.90. The company has a 50 day moving average of $98.86 and a 200 day moving average of $72.92. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same period in the previous year, the business earned $0.19 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, research analysts expect that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high?performance discrete, logic, analog and mixed?signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general?purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.