Charles Schwab Investment Management Inc. Purchases 61,139 Shares of Diodes Incorporated (NASDAQ:DIOD)

Charles Schwab Investment Management Inc. increased its stake in Diodes Incorporated (NASDAQ:DIOD) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 687,245 shares of the semiconductor company’s stock after acquiring an additional 61,139 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Diodes were worth $42,382,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Diodes in the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its position in 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. KBC Group NV raised its position in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 368 shares during the last quarter. Quest Partners LLC bought a new position in Diodes in the 3rd quarter worth approximately $184,000. Finally, EP Wealth Advisors LLC bought a new position in Diodes in the 3rd quarter worth approximately $260,000. Institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DIOD shares. Benchmark dropped their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Truist Financial dropped their target price on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th.

Diodes Stock Performance

Shares of Diodes stock opened at $46.03 on Friday. The firm has a fifty day moving average of $55.76 and a two-hundred day moving average of $60.14. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 48.45 and a beta of 1.31. Diodes Incorporated has a 52 week low of $44.24 and a 52 week 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 issued its earnings results 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 net margin of 3.36% and a return on equity of 3.28%. As a group, equities research analysts predict that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Activity

In related news, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Gary Yu sold 2,900 shares of the company’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 transaction, 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 sold 4,680 shares of company stock valued at $262,267 in the last quarter. Company insiders own 2.30% of the company’s stock.

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.