William Blair Investment Management LLC Has $23.30 Million Holdings in Diodes Incorporated $DIOD

William Blair Investment Management LLC cut its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 9.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 472,125 shares of the semiconductor company’s stock after selling 49,700 shares during the quarter. William Blair Investment Management LLC’s holdings in Diodes were worth $23,295,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DIOD. AQR Capital Management LLC raised its position in Diodes by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Diodes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after purchasing an additional 1,186 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after purchasing an additional 47,500 shares during the last quarter. Woodline Partners LP bought a new position in Diodes during the 1st quarter worth $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Diodes by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock worth $4,521,000 after purchasing an additional 6,708 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DIOD has been the subject of several analyst reports. Benchmark raised their target price on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Robert W. Baird set a $120.00 target price on Diodes in a research report on Friday, May 8th. Truist Financial raised their target price on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Diodes has a consensus rating of “Buy” and a consensus price target of $113.00.

Diodes Stock Performance

Shares of Diodes stock opened at $99.65 on Tuesday. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $87.79 and a two-hundred day moving average price of $67.04. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80. The company has a market cap of $4.58 billion, a P/E ratio of 54.16 and a beta of 1.93.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results 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 return on equity of 3.48% and a net margin of 5.50%.The firm had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. During the same period last year, the business posted $0.19 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Insider Activity

In other Diodes news, CTO Francis Tang sold 3,643 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $108.00, for a total transaction of $393,444.00. Following the completion of the sale, the chief technology officer directly owned 95,905 shares in the company, valued at approximately $10,357,740. This trade represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 16,556 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total value of $1,710,897.04. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,611 shares of company stock worth $3,075,135. 1.70% of the stock is owned by insiders.

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.