Dimensional Fund Advisors LP Has $46,746,000 Position in Diodes Inc. (DIOD)
Dimensional Fund Advisors LP raised its position in shares of Diodes Inc. (NASDAQ:DIOD) by 8.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,487,917 shares of the company’s stock after buying an additional 190,821 shares during the period. Dimensional Fund Advisors LP owned 5.15% of Diodes worth $46,746,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Diodes by 13.9% in the second quarter. Victory Capital Management Inc. now owns 2,926,444 shares of the company’s stock worth $54,988,000 after buying an additional 357,034 shares during the last quarter. Foundry Partners LLC increased its position in shares of Diodes by 1,061.4% in the second quarter. Foundry Partners LLC now owns 174,155 shares of the company’s stock worth $3,272,000 after buying an additional 159,160 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Diodes during the second quarter worth approximately $1,458,000. Emerald Acquisition Ltd. acquired a new position in shares of Diodes during the second quarter worth approximately $876,000. Finally, Huntington Asset Advisors Inc. acquired a new position in shares of Diodes during the first quarter worth approximately $513,000. 76.09% of the stock is owned by hedge funds and other institutional investors.
Shares of Diodes Inc. (NASDAQ:DIOD) opened at 20.26 on Wednesday. Diodes Inc. has a 52 week low of $16.58 and a 52 week high of $25.20. The company has a market cap of $988.93 million, a P/E ratio of 471.16 and a beta of 1.42. The firm has a 50-day moving average of $20.69 and a 200 day moving average of $19.34.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Diodes had a net margin of 0.86% and a return on equity of 3.39%. The firm had revenue of $236.60 million for the quarter, compared to analyst estimates of $234.92 million. During the same period in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts expect that Diodes Inc. will post $0.88 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 5th.
In other news, Director John M. Stich sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $20.61, for a total value of $103,050.00. Following the transaction, the director now directly owns 35,700 shares in the company, valued at approximately $735,777. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.70% of the stock is currently owned by insiders.
Diodes Company Profile
Diodes Incorporated is a global 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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