Diodes Incorporated (NASDAQ:DIOD) Position Cut by Royce & Associates LP

Royce & Associates LP lessened its holdings in Diodes Incorporated (NASDAQ:DIOD) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 591,350 shares of the semiconductor company’s stock after selling 21,700 shares during the period. Royce & Associates LP owned approximately 1.20% of Diodes worth $17,699,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Teachers Advisors LLC lifted its stake in Diodes by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 68,337 shares of the semiconductor company’s stock worth $1,642,000 after acquiring an additional 4,030 shares in the last quarter. Prudential Financial Inc. raised its position in Diodes by 30.8% in the 3rd quarter. Prudential Financial Inc. now owns 203,186 shares of the semiconductor company’s stock valued at $6,081,000 after purchasing an additional 47,840 shares in the last quarter. Northern Trust Corp raised its position in Diodes by 2.9% in the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock valued at $18,679,000 after purchasing an additional 21,697 shares in the last quarter. AJO LP acquired a new stake in Diodes in the 2nd quarter valued at about $1,044,000. Finally, Russell Investments Group Ltd. raised its position in Diodes by 75.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 61,043 shares of the semiconductor company’s stock valued at $1,467,000 after purchasing an additional 26,306 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on DIOD. Robert W. Baird reiterated a “buy” rating and issued a $37.00 price objective on shares of Diodes in a report on Tuesday, October 17th. Zacks Investment Research downgraded Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 18th. BidaskClub downgraded Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Benchmark downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Sidoti upgraded Diodes from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Thursday, December 14th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $37.00.

In related news, CEO Keh Shew Lu sold 69,983 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $31.20, for a total value of $2,183,469.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mark A. King sold 10,000 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $31.79, for a total value of $317,900.00. Following the completion of the transaction, the senior vice president now owns 69,888 shares in the company, valued at approximately $2,221,739.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,857 shares of company stock worth $8,316,433. 7.00% of the stock is currently owned by insiders.

Shares of Diodes Incorporated (NASDAQ DIOD) traded up $0.59 during trading hours on Tuesday, hitting $29.26. The stock had a trading volume of 302,304 shares, compared to its average volume of 267,550. The stock has a market capitalization of $1,440.00, a P/E ratio of 48.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 3.12. Diodes Incorporated has a twelve month low of $22.06 and a twelve month high of $35.36.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The firm had revenue of $285.20 million during the quarter, compared to the consensus estimate of $281.66 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. research analysts forecast that Diodes Incorporated will post 1.35 earnings per share for the current 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.

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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