Tygh Capital Management Inc. grew its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 25.8% during the 3rd quarter, Holdings Channel reports. The firm owned 305,759 shares of the semiconductor company’s stock after purchasing an additional 62,722 shares during the quarter. Diodes accounts for 1.7% of Tygh Capital Management Inc.’s holdings, making the stock its 19th largest holding. Tygh Capital Management Inc.’s holdings in Diodes were worth $10,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in DIOD. Meeder Asset Management Inc. acquired a new stake in shares of Diodes in the third quarter worth approximately $189,000. Amalgamated Bank acquired a new stake in shares of Diodes in the second quarter worth approximately $205,000. Fox Run Management L.L.C. acquired a new stake in shares of Diodes in the second quarter worth approximately $208,000. Meadow Creek Investment Management LLC raised its holdings in Diodes by 31.0% in the second quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 1,708 shares during the period. Finally, Verition Fund Management LLC purchased a new position in Diodes in the second quarter valued at approximately $259,000. 76.45% of the stock is currently owned by institutional investors.
Several research analysts recently commented on the stock. BidaskClub lowered shares of Diodes from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. ValuEngine upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Sunday, October 14th. Finally, Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Diodes has a consensus rating of “Buy” and a consensus target price of $38.75.
In other news, VP Evan Yu sold 8,983 shares of Diodes stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $37.66, for a total transaction of $338,299.78. Following the sale, the vice president now owns 36,170 shares in the company, valued at $1,362,162.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Kuo-Chih Tsai sold 2,575 shares of Diodes stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $37.13, for a total transaction of $95,609.75. Following the sale, the director now owns 37,625 shares in the company, valued at approximately $1,397,016.25. The disclosure for this sale can be found here. Insiders sold 83,758 shares of company stock worth $3,196,502 in the last 90 days. 6.70% of the stock is currently owned by insiders.
NASDAQ DIOD opened at $33.44 on Wednesday. Diodes Incorporated has a one year low of $26.09 and a one year high of $39.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.64 and a current ratio of 2.47. The company has a market capitalization of $1.66 billion, a P/E ratio of 24.41 and a beta of 1.06.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, November 6th. The semiconductor company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.05. Diodes had a net margin of 3.75% and a return on equity of 11.99%. The firm had revenue of $320.90 million for the quarter, compared to analyst estimates of $321.48 million. During the same quarter last year, the firm posted $0.45 earnings per share. Diodes’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts predict that Diodes Incorporated will post 2.35 EPS for the current year.
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Diodes Company Profile
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.
Further Reading: Yield Curve
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