TIAA CREF Investment Management LLC increased its position in Diodes Incorporated (NASDAQ:DIOD) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 117,532 shares of the semiconductor company’s stock after acquiring an additional 14,342 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.24% of Diodes worth $2,824,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System lifted its position in Diodes by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the semiconductor company’s stock worth $375,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System lifted its position in Diodes by 0.5% in the second quarter. Arizona State Retirement System now owns 19,975 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 100 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Diodes by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,325 shares of the semiconductor company’s stock valued at $296,000 after purchasing an additional 148 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Diodes by 1.8% in the second quarter. Nisa Investment Advisors LLC now owns 14,220 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 250 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in shares of Diodes by 1.0% during the second quarter. Texas Permanent School Fund now owns 27,901 shares of the semiconductor company’s stock valued at $670,000 after buying an additional 274 shares during the period. 73.58% of the stock is owned by institutional investors.
Diodes Incorporated (DIOD) traded up $0.27 during trading hours on Friday, hitting $31.79. The stock had a trading volume of 396,400 shares, compared to its average volume of 237,899. Diodes Incorporated has a 1-year low of $20.70 and a 1-year high of $35.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.54. The company has a market cap of $1,556.78, a price-to-earnings ratio of 28.66 and a beta of 1.23.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $281.66 million. During the same period last year, the company earned $0.30 EPS. Diodes’s quarterly revenue was up 13.8% compared to the same quarter last year. analysts expect that Diodes Incorporated will post 1.4 earnings per share for the current year.
A number of equities research analysts have recently commented on the company. Robert W. Baird reissued a “buy” rating and issued a $37.00 target price on shares of Diodes in a research note on Tuesday, October 17th. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, August 11th. Benchmark Co. downgraded Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Sidoti began coverage on Diodes in a research report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Diodes has a consensus rating of “Hold” and an average target price of $35.67.
In related news, VP Shiao Kwang Edmund Tang sold 27,877 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $30.29, for a total transaction of $844,394.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Semiconductor Corp Lite-On sold 116,209 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $26.95, for a total value of $3,131,832.55. Following the transaction, the insider now owns 8,045,778 shares in the company, valued at $216,833,717.10. The disclosure for this sale can be found here. Insiders sold a total of 639,852 shares of company stock worth $18,535,405 over the last quarter. Company insiders own 7.00% of the company’s stock.
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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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