First Trust Advisors LP decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,542 shares of the semiconductor company’s stock after selling 8,186 shares during the quarter. First Trust Advisors LP owned about 0.11% of Diodes worth $1,239,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of DIOD. BlackRock Inc. grew its holdings in Diodes by 50,610.4% during the first quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock valued at $111,471,000 after purchasing an additional 4,625,794 shares during the period. Dimensional Fund Advisors LP grew its holdings in Diodes by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,986,380 shares of the semiconductor company’s stock valued at $71,822,000 after purchasing an additional 219,293 shares during the period. Vanguard Group Inc. grew its holdings in Diodes by 5.2% during the first quarter. Vanguard Group Inc. now owns 3,356,058 shares of the semiconductor company’s stock valued at $80,713,000 after purchasing an additional 165,243 shares during the period. Bank of Montreal Can grew its holdings in Diodes by 149.6% during the second quarter. Bank of Montreal Can now owns 173,504 shares of the semiconductor company’s stock valued at $4,169,000 after purchasing an additional 104,000 shares during the period. Finally, Algert Global LLC acquired a new position in Diodes during the second quarter valued at approximately $2,114,000. Institutional investors own 73.74% of the company’s stock.
A number of brokerages recently issued reports on DIOD. Cleveland Research cut shares of Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, August 11th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Robert W. Baird restated an “outperform” rating and set a $30.00 price objective on shares of Diodes in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.00.
In other news, Director C H. Chen sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $28.25, for a total transaction of $847,500.00. Following the completion of the sale, the director now owns 509,979 shares of the company’s stock, valued at approximately $14,406,906.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Francis Tang sold 11,957 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $28.33, for a total transaction of $338,741.81. Following the sale, the vice president now directly owns 71,429 shares of the company’s stock, valued at approximately $2,023,583.57. The disclosure for this sale can be found here. Insiders have sold a total of 310,508 shares of company stock valued at $8,369,544 in the last three months. Insiders own 7.00% of the company’s stock.
Diodes Incorporated (NASDAQ:DIOD) opened at 28.62 on Tuesday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 54.20 and a beta of 1.22. Diodes Incorporated has a 52 week low of $19.64 and a 52 week high of $28.97. The firm has a 50-day moving average of $27.11 and a 200-day moving average of $25.35.
Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $264.20 million during the quarter, compared to the consensus estimate of $261.15 million. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Equities analysts forecast that Diodes Incorporated will post $1.28 earnings per share for the current year.
Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.
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