Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Diodes Incorporated (NASDAQ:DIOD) during the 2nd quarter, Holdings Channel reports. The firm acquired 8,182 shares of the semiconductor company’s stock, valued at approximately $282,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIOD. Wells Fargo & Company MN increased its holdings in shares of Diodes by 82.5% in the second quarter. Wells Fargo & Company MN now owns 611,710 shares of the semiconductor company’s stock worth $21,085,000 after buying an additional 276,516 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Diodes in the second quarter worth about $8,311,000. Dimensional Fund Advisors LP increased its holdings in shares of Diodes by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,805,395 shares of the semiconductor company’s stock worth $115,912,000 after buying an additional 187,601 shares during the period. Matarin Capital Management LLC purchased a new position in shares of Diodes in the first quarter worth about $4,922,000. Finally, Foresters Investment Management Company Inc. purchased a new position in shares of Diodes in the first quarter worth about $3,646,000. Hedge funds and other institutional investors own 75.56% of the company’s stock.
NASDAQ DIOD opened at $35.59 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.90 billion, a P/E ratio of 27.00 and a beta of 0.95. Diodes Incorporated has a 1 year low of $26.09 and a 1 year high of $39.31.
Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The company had revenue of $304.09 million for the quarter, compared to analysts’ expectations of $300.00 million. Diodes had a return on equity of 10.86% and a net margin of 2.42%. analysts anticipate that Diodes Incorporated will post 2.17 EPS for the current fiscal year.
Several research firms recently issued reports on DIOD. BidaskClub raised Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, August 11th. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Thursday, May 10th. Robert W. Baird raised their target price on Diodes from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 19th. Finally, Sidoti cut Diodes from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research note on Thursday, June 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.00.
In other Diodes news, VP Evan Yu sold 8,983 shares of Diodes stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $37.66, for a total transaction of $338,299.78. Following the sale, the vice president now directly owns 36,170 shares of the company’s stock, valued at approximately $1,362,162.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Francis Tang sold 4,696 shares of Diodes stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $38.54, for a total value of $180,983.84. Following the sale, the vice president now directly owns 86,293 shares in the company, valued at $3,325,732.22. The disclosure for this sale can be found here. Insiders sold 97,551 shares of company stock worth $3,723,392 over the last three months. 6.70% of the stock is owned by insiders.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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