Teachers Advisors LLC Boosts Holdings in Diodes Incorporated (DIOD)
Teachers Advisors LLC boosted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,337 shares of the semiconductor company’s stock after buying an additional 4,030 shares during the period. Teachers Advisors LLC owned 0.14% of Diodes worth $1,642,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its stake in Diodes by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the semiconductor company’s stock worth $375,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in Diodes by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 19,975 shares of the semiconductor company’s stock worth $480,000 after buying an additional 100 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Diodes by 1.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 12,325 shares of the semiconductor company’s stock worth $296,000 after buying an additional 148 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Diodes by 1.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,220 shares of the semiconductor company’s stock worth $342,000 after buying an additional 250 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in Diodes by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 27,901 shares of the semiconductor company’s stock worth $670,000 after buying an additional 274 shares in the last quarter. Institutional investors own 73.83% of the company’s stock.
DIOD has been the subject of several research reports. Cleveland Research lowered Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Sidoti initiated coverage on Diodes in a report on Thursday, September 21st. They set a “neutral” rating and a $32.00 target price on the stock. Finally, Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of Diodes in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $35.67.
Diodes Incorporated (NASDAQ DIOD) opened at 34.25 on Thursday. The firm has a market capitalization of $1.68 billion, a PE ratio of 64.87 and a beta of 1.26. Diodes Incorporated has a one year low of $19.95 and a one year high of $34.50. The stock’s 50 day moving average price is $30.24 and its 200 day moving average price is $26.73.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The business had revenue of $264.20 million during the quarter, compared to analysts’ expectations of $261.15 million. During the same period last year, the company posted $0.20 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Analysts expect that Diodes Incorporated will post $1.31 EPS for the current year.
In other news, CEO Keh Shew Lu sold 69,084 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $30.30, for a total transaction of $2,093,245.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Semiconductor Corp Lite-On sold 116,209 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $26.95, for a total transaction of $3,131,832.55. Following the transaction, the insider now directly owns 8,045,778 shares of the company’s stock, valued at $216,833,717.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 634,859 shares of company stock valued at $18,360,650. Corporate insiders own 7.00% 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.
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