Assenagon Asset Management S.A. Acquires New Stake in Diodes Incorporated (DIOD)

Assenagon Asset Management S.A. acquired a new position in Diodes Incorporated (NASDAQ:DIOD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 44,820 shares of the semiconductor company’s stock, valued at approximately $1,492,000. Assenagon Asset Management S.A. owned 0.09% of Diodes as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of DIOD. Royce & Associates LP raised its position in shares of Diodes by 1.3% during the 2nd quarter. Royce & Associates LP now owns 496,989 shares of the semiconductor company’s stock worth $17,131,000 after purchasing an additional 6,229 shares during the last quarter. Bank of America Corp DE raised its position in shares of Diodes by 9.8% during the 2nd quarter. Bank of America Corp DE now owns 225,080 shares of the semiconductor company’s stock worth $7,758,000 after purchasing an additional 20,084 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Diodes during the 2nd quarter worth about $208,000. Rhumbline Advisers raised its position in shares of Diodes by 3.1% during the 2nd quarter. Rhumbline Advisers now owns 95,685 shares of the semiconductor company’s stock worth $3,298,000 after purchasing an additional 2,886 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Diodes by 24.5% during the 2nd quarter. Acadian Asset Management LLC now owns 61,747 shares of the semiconductor company’s stock worth $2,128,000 after purchasing an additional 12,144 shares during the last quarter. Institutional investors and hedge funds own 75.96% of the company’s stock.

In related news, Director Michael Kuo-Chih Tsai sold 2,575 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $37.13, for a total transaction of $95,609.75. Following the completion of the sale, the director now owns 37,625 shares of the company’s stock, valued at approximately $1,397,016.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Keh Shew Lu sold 4,389 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $38.05, for a total transaction of $167,001.45. Following the sale, the chief executive officer now directly owns 619,693 shares of the company’s stock, valued at approximately $23,579,318.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,147 shares of company stock valued at $3,363,504. 6.70% of the stock is owned by corporate insiders.

Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Finally, Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Diodes presently has an average rating of “Buy” and an average target price of $38.75.

Shares of NASDAQ DIOD opened at $34.40 on Friday. Diodes Incorporated has a 12-month low of $26.09 and a 12-month high of $39.31. The stock has a market cap of $1.56 billion, a P/E ratio of 25.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.60 and a quick ratio of 1.66.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. Diodes had a net margin of 3.75% and a return on equity of 12.16%. The company 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 company earned $0.45 EPS. Diodes’s revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts forecast that Diodes Incorporated will post 2.17 earnings per share for the current year.

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About Diodes

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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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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