Robeco Institutional Asset Management B.V. lifted its holdings in Diodes Incorporated (NASDAQ:DIOD) by 100.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,490 shares of the semiconductor company’s stock after acquiring an additional 21,745 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Diodes were worth $1,474,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in shares of Diodes by 36.3% in the third quarter. First Trust Advisors LP now owns 17,029 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 4,538 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Diodes by 31.5% in the third quarter. Bank of Montreal Can now owns 113,083 shares of the semiconductor company’s stock valued at $3,764,000 after acquiring an additional 27,090 shares in the last quarter. United Services Automobile Association grew its stake in shares of Diodes by 0.8% in the second quarter. United Services Automobile Association now owns 263,176 shares of the semiconductor company’s stock valued at $9,072,000 after acquiring an additional 2,139 shares in the last quarter. Northern Trust Corp grew its stake in shares of Diodes by 2.6% in the second quarter. Northern Trust Corp now owns 788,980 shares of the semiconductor company’s stock valued at $27,197,000 after acquiring an additional 19,742 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC acquired a new position in shares of Diodes in the second quarter valued at about $616,000. Institutional investors and hedge funds own 75.96% of the company’s stock.
In related news, CFO Richard Dallas White sold 13,000 shares of the company’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $37.88, for a total transaction of $492,440.00. Following the completion of the sale, the chief financial officer now owns 111,920 shares of the company’s stock, valued at $4,239,529.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keh Shew Lu sold 48,248 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $38.32, for a total transaction of $1,848,863.36. Following the sale, the chief executive officer now directly owns 620,304 shares of the company’s stock, valued at approximately $23,770,049.28. The disclosure for this sale can be found here. Insiders have sold 88,147 shares of company stock valued at $3,363,504 in the last ninety days. 6.70% of the stock is currently owned by company insiders.
DIOD opened at $31.05 on Wednesday. Diodes Incorporated has a twelve month low of $26.09 and a twelve month high of $39.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.60 and a quick ratio of 1.66. The stock has a market cap of $1.56 billion, a P/E ratio of 22.66 and a beta of 1.06.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.05. Diodes had a net margin of 2.42% and a return on equity of 10.86%. The business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $321.48 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. Diodes’s revenue was up 12.5% compared to the same quarter last year. As a group, analysts anticipate that Diodes Incorporated will post 2.17 EPS for the current fiscal year.
DIOD has been the topic of several research reports. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 19th. Finally, Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.
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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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