Diodes Incorporated (DIOD) Shares Sold by Hotchkis & Wiley Capital Management LLC
Hotchkis & Wiley Capital Management LLC lessened its stake in Diodes Incorporated (NASDAQ:DIOD) by 9.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,515,960 shares of the semiconductor company’s stock after selling 158,600 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 3.13% of Diodes worth $36,429,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Diodes by 50,610.4% in the 1st 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of Diodes by 5.2% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Diodes by 7.9% in the 1st 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 in the last quarter. State Street Corp increased its holdings in shares of Diodes by 9.8% in the 1st quarter. State Street Corp now owns 976,393 shares of the semiconductor company’s stock valued at $23,478,000 after purchasing an additional 87,160 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Diodes by 2.9% in the 1st quarter. Ameriprise Financial Inc. now owns 596,454 shares of the semiconductor company’s stock valued at $14,344,000 after purchasing an additional 16,987 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.
In other Diodes news, CFO Richard Dallas White sold 2,750 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $23.81, for a total value of $65,477.50. Following the sale, the chief financial officer now directly owns 93,621 shares in the company, valued at $2,229,116.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C H. Chen sold 30,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was 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 in the company, valued at $14,406,906.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 310,508 shares of company stock worth $8,369,544. 7.00% of the stock is owned by company insiders.
Diodes Incorporated (NASDAQ:DIOD) traded up 3.08% during trading on Friday, reaching $28.81. 511,082 shares of the company’s stock traded hands. The company has a 50-day moving average of $27.05 and a 200 day moving average of $25.30. The stock has a market capitalization of $1.41 billion, a P/E ratio of 54.56 and a beta of 1.22. Diodes Incorporated has a 12 month low of $19.64 and a 12 month high of $28.88.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The firm had revenue of $264.20 million for the quarter, compared to analysts’ expectations of $261.15 million. During the same period in the previous year, the business earned $0.20 earnings per share. Diodes’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that Diodes Incorporated will post $1.28 earnings per share for the current fiscal year.
Several equities analysts have weighed in on DIOD shares. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Robert W. Baird restated an “outperform” rating and set a $30.00 target price on shares of Diodes in a report on Friday, June 9th. Cleveland Research downgraded shares of Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. Finally, Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.
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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