Dimensional Fund Advisors LP lifted its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,475,574 shares of the semiconductor company’s stock after acquiring an additional 227,672 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.04% of Diodes worth $104,023,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Diodes during the 3rd quarter worth approximately $167,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Diodes during the 3rd quarter worth approximately $206,000. Virtu KCG Holdings LLC raised its holdings in shares of Diodes by 8.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 815 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Diodes during the 2nd quarter worth approximately $265,000. Finally, Petrus Trust Company LTA purchased a new stake in Diodes during the 2nd quarter valued at $291,000. Institutional investors own 74.70% of the company’s stock.
Diodes Incorporated (DIOD) traded up $0.48 on Thursday, hitting $29.60. The stock had a trading volume of 249,088 shares, compared to its average volume of 318,036. Diodes Incorporated has a fifty-two week low of $22.06 and a fifty-two week high of $35.36. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $1,450.00, a P/E ratio of 49.33 and a beta of 1.17.
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, topping analysts’ consensus estimates of $0.44 by $0.01. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The business had revenue of $285.20 million for the quarter, compared to the consensus estimate of $281.66 million. During the same quarter in the prior year, the company earned $0.30 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. equities analysts forecast that Diodes Incorporated will post 1.35 EPS for the current fiscal year.
In other Diodes news, major shareholder Semiconductor Corp Lite-On sold 1,379 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $32.00, for a total value of $44,128.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Clemente Beltran sold 4,993 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $35.00, for a total value of $174,755.00. Following the completion of the sale, the vice president now owns 31,256 shares of the company’s stock, valued at $1,093,960. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 161,071 shares of company stock worth $5,074,570. 7.00% of the stock is owned by corporate insiders.
DIOD has been the topic of several recent research reports. Robert W. Baird restated a “buy” rating and set a $37.00 price target on shares of Diodes in a report on Tuesday, October 17th. Sidoti upgraded Diodes from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, December 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded Diodes from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Finally, ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.00.
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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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