Metropolitan Life Insurance Co. NY maintained its stake in Diodes Incorporated (NASDAQ:DIOD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,169 shares of the semiconductor company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned about 0.05% of Diodes worth $629,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DIOD. Teachers Advisors LLC raised its stake in Diodes by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 62,303 shares of the semiconductor company’s stock valued at $1,599,000 after buying an additional 1,071 shares during the period. Legato Capital Management LLC raised its stake in Diodes by 2,305.0% in the first quarter. Legato Capital Management LLC now owns 110,125 shares of the semiconductor company’s stock valued at $4,579,000 after buying an additional 105,546 shares during the period. State of Alaska Department of Revenue raised its stake in Diodes by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 40 shares during the period. Russell Investments Group Ltd. raised its stake in Diodes by 28.5% in the first quarter. Russell Investments Group Ltd. now owns 34,737 shares of the semiconductor company’s stock valued at $835,000 after buying an additional 7,700 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in Diodes by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 53,864 shares of the semiconductor company’s stock valued at $1,295,000 after buying an additional 3,809 shares during the period. Hedge funds and other institutional investors own 75.25% of the company’s stock.

Shares of Diodes Incorporated (DIOD) traded up 0.65% during midday trading on Monday, reaching $26.35. The company’s stock had a trading volume of 26,239 shares. The firm has a market capitalization of $1.27 billion, a P/E ratio of 70.08 and a beta of 1.22. Diodes Incorporated has a 12-month low of $18.08 and a 12-month high of $27.50. The stock has a 50-day moving average of $25.46 and a 200 day moving average of $24.86.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, May 9th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. The firm had revenue of $236.30 million during the quarter, compared to analysts’ expectations of $231.03 million. Diodes had a return on equity of 4.72% and a net margin of 1.98%. The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. Equities research analysts predict that Diodes Incorporated will post $1.17 EPS for the current fiscal year.

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DIOD has been the subject of several analyst reports. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Friday, May 12th. Robert W. Baird restated an “outperform” rating and issued a $30.00 price objective on shares of Diodes in a research note on Friday, June 9th. BidaskClub lowered Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Cleveland Research lowered Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Diodes currently has an average rating of “Hold” and a consensus target price of $29.50.

In other news, CEO Keh Shew Lu sold 8,505 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $23.81, for a total value of $202,504.05. Following the completion of the sale, the chief executive officer now directly owns 1,032,021 shares of the company’s stock, valued at $24,572,420.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael R. Giordano sold 5,062 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $25.00, for a total value of $126,550.00. Following the completion of the sale, the director now directly owns 91,776 shares of the company’s stock, valued at $2,294,400. The disclosure for this sale can be found here. Insiders have sold 306,069 shares of company stock valued at $7,989,798 in the last ninety days. Company insiders own 6.70% of the company’s stock.

Diodes Company Profile

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.

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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