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.
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