DekaBank Deutsche Girozentrale Acquires Shares of 12,680 Diodes Incorporated (NASDAQ:DIOD)

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DekaBank Deutsche Girozentrale acquired a new position in Diodes Incorporated (NASDAQ:DIOD) in the first quarter, Holdings Channel reports. The institutional investor acquired 12,680 shares of the semiconductor company’s stock, valued at approximately $479,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Advisor Group Inc. raised its stake in shares of Diodes by 97.8% during the first quarter. Advisor Group Inc. now owns 1,157 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 572 shares in the last quarter. BlackRock Inc. raised its stake in shares of Diodes by 1.3% during the first quarter. BlackRock Inc. now owns 6,498,409 shares of the semiconductor company’s stock valued at $225,495,000 after purchasing an additional 83,204 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Diodes by 10.2% during the first quarter. Parametric Portfolio Associates LLC now owns 190,575 shares of the semiconductor company’s stock valued at $6,613,000 after purchasing an additional 17,657 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Diodes by 91.2% during the first quarter. First Trust Advisors LP now owns 110,769 shares of the semiconductor company’s stock valued at $3,844,000 after purchasing an additional 52,849 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its stake in shares of Diodes by 8.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 10,268 shares of the semiconductor company’s stock valued at $356,000 after purchasing an additional 818 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Friday, May 10th. Longbow Research cut shares of Diodes from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Robert W. Baird cut shares of Diodes from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $42.50.

In other Diodes news, insider Richard Dallas White sold 13,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $31.73, for a total value of $412,490.00. Following the sale, the insider now directly owns 79,806 shares in the company, valued at $2,532,244.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Francis Tang sold 6,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $31.73, for a total transaction of $190,380.00. Following the completion of the sale, the vice president now owns 86,217 shares in the company, valued at $2,735,665.41. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

Shares of Diodes stock opened at $33.47 on Thursday. The company has a current ratio of 3.05, a quick ratio of 2.20 and a debt-to-equity ratio of 0.18. Diodes Incorporated has a 52 week low of $27.38 and a 52 week high of $44.27. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.04 and a beta of 1.16.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, May 7th. The semiconductor company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.60 by $0.09. Diodes had a net margin of 9.44% and a return on equity of 13.69%. The firm had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $301.60 million. During the same period in the previous year, the business earned $0.48 earnings per share. Diodes’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts predict that Diodes Incorporated will post 2.8 earnings per share for the current year.

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Diodes Profile

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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