Chartwell Investment Partners LLC cut its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,127 shares of the semiconductor company’s stock after selling 12,415 shares during the period. Chartwell Investment Partners LLC owned approximately 0.69% of Diodes worth $9,780,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Diodes during the third quarter valued at approximately $167,000. Crossmark Global Holdings Inc. bought a new position in Diodes during the third quarter valued at approximately $206,000. Piedmont Investment Advisors LLC bought a new position in Diodes during the third quarter valued at approximately $250,000. Virtu KCG Holdings LLC lifted its stake in shares of Diodes by 8.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 815 shares during the last quarter. Finally, Capital One National Association bought a new stake in shares of Diodes in the 4th quarter valued at approximately $354,000. 73.25% of the stock is owned by institutional investors.
Shares of Diodes Incorporated (NASDAQ:DIOD) opened at $28.98 on Friday. The stock has a market capitalization of $1,450.81, a P/E ratio of 21.56 and a beta of 1.05. Diodes Incorporated has a one year low of $22.06 and a one year high of $35.36. The company has a quick ratio of 1.80, a current ratio of 2.68 and a debt-to-equity ratio of 0.28.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $268.43 million during the quarter, compared to analyst estimates of $270.62 million. Diodes had a positive return on equity of 7.94% and a negative net margin of 0.17%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. sell-side analysts predict that Diodes Incorporated will post 1.95 earnings per share for the current fiscal year.
In other news, major shareholder Semiconductor Corp Lite-On sold 7,247 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $30.36, for a total value of $220,018.92. Following the sale, the insider now directly owns 7,772,425 shares in the company, valued at $235,970,823. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mark A. King sold 14,396 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $31.29, for a total value of $450,450.84. Following the completion of the sale, the senior vice president now owns 94,719 shares in the company, valued at $2,963,757.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,530 shares of company stock worth $2,952,013. Company insiders own 7.00% of the company’s stock.
Several equities research analysts have recently issued reports on DIOD shares. Zacks Investment Research lowered Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 18th. Benchmark raised Diodes from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, February 8th. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Sidoti raised Diodes from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, December 14th. They noted that the move was a valuation call. Finally, TheStreet lowered Diodes from a “b” rating to a “c” rating in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $34.50.
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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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