Barrow Hanley Mewhinney & Strauss LLC Sells 36,615 Shares of Diodes Incorporated (NASDAQ:DIOD)

Barrow Hanley Mewhinney & Strauss LLC lowered its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 810,126 shares of the semiconductor company’s stock after selling 36,615 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Diodes were worth $49,960,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC raised its stake in Diodes by 19.6% during the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after buying an additional 947,118 shares during the period. Norges Bank acquired a new position in shares of Diodes during the fourth quarter worth approximately $33,933,000. Victory Capital Management Inc. lifted its holdings in shares of Diodes by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock worth $117,636,000 after purchasing an additional 163,374 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Diodes by 55.9% during the 4th quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company’s stock valued at $21,806,000 after purchasing an additional 126,853 shares in the last quarter. Finally, Cinctive Capital Management LP acquired a new position in Diodes during the third quarter worth $7,791,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Stock Down 6.3 %

Shares of NASDAQ:DIOD opened at $43.32 on Friday. The firm has a market capitalization of $2.01 billion, a PE ratio of 45.60 and a beta of 1.31. Diodes Incorporated has a 52-week low of $42.93 and a 52-week high of $86.74. The firm has a fifty day moving average of $52.52 and a 200 day moving average of $58.78. 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 announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share 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, research analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Diodes 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 value of $162,516.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Emily Yang sold 950 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the sale, the senior vice president now directly owns 65,107 shares in the company, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,680 shares of company stock worth $262,267. Company insiders own 2.30% of the company’s stock.

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.