Oppenheimer Asset Management Inc. acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,784 shares of the semiconductor company’s stock, valued at approximately $1,356,000. Oppenheimer Asset Management Inc. owned about 0.07% of Diodes as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of DIOD. Nuveen Asset Management LLC acquired a new stake in Diodes during the second quarter worth approximately $29,027,000. Bank of New York Mellon Corp lifted its position in Diodes by 87.8% during the second quarter. Bank of New York Mellon Corp now owns 1,036,506 shares of the semiconductor company’s stock worth $37,698,000 after acquiring an additional 484,712 shares during the last quarter. Prudential Financial Inc. lifted its position in Diodes by 88.9% during the second quarter. Prudential Financial Inc. now owns 745,541 shares of the semiconductor company’s stock worth $27,116,000 after acquiring an additional 350,907 shares during the last quarter. LSV Asset Management lifted its position in Diodes by 10.8% during the second quarter. LSV Asset Management now owns 1,664,300 shares of the semiconductor company’s stock worth $60,530,000 after acquiring an additional 162,838 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Diodes by 18.1% during the second quarter. Victory Capital Management Inc. now owns 879,037 shares of the semiconductor company’s stock worth $31,971,000 after acquiring an additional 134,740 shares during the last quarter. Hedge funds and other institutional investors own 81.19% of the company’s stock.
DIOD has been the subject of several research reports. BidaskClub downgraded shares of Diodes from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Thursday. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Co dropped their price target on shares of Diodes from $55.00 to $53.00 and set an “outperform” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $52.00.
NASDAQ DIOD opened at $45.34 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.94 and a debt-to-equity ratio of 0.08. Diodes Incorporated has a 1-year low of $29.88 and a 1-year high of $49.36. The company has a 50 day moving average of $42.33 and a 200-day moving average of $38.03. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 19.05 and a beta of 1.30.
Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. Diodes had a net margin of 10.74% and a return on equity of 14.60%. The company had revenue of $323.67 million during the quarter, compared to the consensus estimate of $322.90 million. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that Diodes Incorporated will post 2.9 earnings per share for the current year.
In other news, VP Emily Yang sold 3,068 shares of Diodes stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.61, for a total value of $139,931.48. Following the completion of the sale, the vice president now directly owns 45,187 shares in the company, valued at $2,060,979.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Julie Holland sold 6,263 shares of Diodes stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $47.98, for a total transaction of $300,498.74. Following the completion of the sale, the vice president now owns 74,968 shares of the company’s stock, valued at $3,596,964.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,652 shares of company stock valued at $611,307. 5.30% of the stock is owned by company insiders.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
Read More: What is the Quick Ratio?
Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.