Royce & Associates LP reduced its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,350 shares of the semiconductor company’s stock after selling 21,700 shares during the quarter. Royce & Associates LP owned about 1.20% of Diodes worth $17,699,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Teachers Advisors LLC lifted its stake in shares of Diodes by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 68,337 shares of the semiconductor company’s stock valued at $1,642,000 after buying an additional 4,030 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Diodes by 30.8% during the 3rd quarter. Prudential Financial Inc. now owns 203,186 shares of the semiconductor company’s stock valued at $6,081,000 after buying an additional 47,840 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Diodes by 2.9% during the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock valued at $18,679,000 after buying an additional 21,697 shares in the last quarter. AJO LP purchased a new stake in shares of Diodes during the 2nd quarter valued at approximately $1,044,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Diodes by 75.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,043 shares of the semiconductor company’s stock valued at $1,467,000 after buying an additional 26,306 shares in the last quarter. Institutional investors own 74.74% of the company’s stock.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub cut shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Robert W. Baird reiterated a “buy” rating and issued a $37.00 target price on shares of Diodes in a research note on Tuesday, October 17th. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Benchmark cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.67.
In other Diodes news, SVP Mark A. King sold 10,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $31.79, for a total value of $317,900.00. Following the sale, the senior vice president now directly owns 69,888 shares in the company, valued at approximately $2,221,739.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Francis Tang sold 3,800 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $29.67, for a total transaction of $112,746.00. Following the completion of the sale, the vice president now owns 66,072 shares in the company, valued at $1,960,356.24. The disclosure for this sale can be found here. Insiders sold a total of 477,486 shares of company stock worth $14,707,920 over the last quarter. Corporate insiders own 7.00% of the company’s stock.
Shares of Diodes Incorporated (NASDAQ DIOD) opened at $28.21 on Monday. Diodes Incorporated has a 52 week low of $22.06 and a 52 week high of $35.36. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,393.29, a P/E ratio of 25.65 and a beta of 1.15.
Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The business had revenue of $285.20 million for the quarter, compared to analysts’ expectations of $281.66 million. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. equities analysts anticipate that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.
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Diodes Company Profile
Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.
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