Acadian Asset Management LLC raised its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 48.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,452 shares of the semiconductor company’s stock after buying an additional 29,705 shares during the quarter. Acadian Asset Management LLC owned about 0.18% of Diodes worth $3,045,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Amalgamated Bank acquired a new position in shares of Diodes during the second quarter worth approximately $205,000. Fox Run Management L.L.C. acquired a new position in shares of Diodes during the second quarter worth approximately $208,000. Meadow Creek Investment Management LLC increased its position in shares of Diodes by 31.0% during the second quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 1,708 shares during the period. Verition Fund Management LLC bought a new stake in shares of Diodes during the second quarter valued at approximately $259,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Diodes during the first quarter valued at approximately $247,000. Institutional investors own 75.96% of the company’s stock.
In other Diodes news, CEO Keh Shew Lu sold 48,248 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $38.32, for a total value of $1,848,863.36. Following the sale, the chief executive officer now directly owns 620,304 shares in the company, valued at $23,770,049.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Dallas White sold 13,000 shares of the company’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $37.88, for a total value of $492,440.00. Following the completion of the sale, the chief financial officer now owns 111,920 shares in the company, valued at $4,239,529.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,147 shares of company stock worth $3,363,504. 6.70% of the stock is currently owned by company insiders.
A number of analysts have recently issued reports on the company. BidaskClub cut Diodes from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research report on Friday. ValuEngine upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Sunday, October 14th. Finally, Sidoti upgraded Diodes from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Diodes has an average rating of “Buy” and an average price target of $38.75.
DIOD opened at $34.40 on Friday. The company has a market cap of $1.56 billion, a PE ratio of 25.11 and a beta of 1.06. The company has a current ratio of 2.60, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18. Diodes Incorporated has a 1 year low of $26.09 and a 1 year high of $39.31.
Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The business had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $321.48 million. Diodes had a return on equity of 12.16% and a net margin of 3.75%. Diodes’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, research analysts predict that Diodes Incorporated will post 2.17 earnings per share for the current year.
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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