Bridge City Capital LLC Acquires 6,667 Shares of Diodes Incorporated (NASDAQ:DIOD)

Bridge City Capital LLC lifted its stake in Diodes Incorporated (NASDAQ:DIOD) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,834 shares of the semiconductor company’s stock after purchasing an additional 6,667 shares during the period. Diodes comprises about 1.5% of Bridge City Capital LLC’s investment portfolio, making the stock its 19th largest position. Bridge City Capital LLC owned 0.20% of Diodes worth $5,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Diodes by 34.8% during the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after acquiring an additional 58,597 shares during the period. Charles Schwab Investment Management Inc. raised its position in Diodes by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock valued at $40,127,000 after purchasing an additional 31,089 shares in the last quarter. Geode Capital Management LLC lifted 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 buying an additional 43,841 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after buying an additional 522 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Diodes during the fourth quarter valued at $970,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insider Buying and Selling

In other Diodes news, President Gary Yu sold 2,900 shares of the company’s 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 $162,516.00. Following the transaction, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction 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 sale, the chief financial officer now owns 51,525 shares of the company’s stock, valued at $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 in the last ninety days. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIOD. Benchmark dropped their target price 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 dropped their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th.

Diodes Stock Performance

Shares of Diodes stock opened at $45.30 on Friday. The company has a market capitalization of $2.10 billion, a PE ratio of 47.68 and a beta of 1.31. The company has a 50-day simple moving average of $53.93 and a two-hundred day simple moving average of $59.33. Diodes Incorporated has a one year low of $44.24 and a one year high of $86.74. 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 (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Research analysts expect that Diodes Incorporated will post 1.82 EPS for the current fiscal 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.