Hotchkis & Wiley Capital Management LLC Sells 29,413 Shares of Diodes Incorporated (DIOD)
Hotchkis & Wiley Capital Management LLC decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,486,547 shares of the semiconductor company’s stock after selling 29,413 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 3.01% of Diodes worth $44,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Diodes during the 3rd quarter worth $167,000. Crossmark Global Holdings Inc. acquired a new stake in Diodes during the third quarter valued at approximately $206,000. State of Alaska Department of Revenue raised its position in shares of Diodes by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 3,332 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Diodes by 10.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 800 shares during the last quarter. Finally, Virtu KCG Holdings LLC boosted its position in shares of Diodes by 8.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 815 shares in the last quarter. Institutional investors own 74.72% of the company’s stock.
A number of research analysts have recently issued reports on the stock. 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. Sidoti started coverage on shares of Diodes in a report on Thursday, September 21st. They set a “neutral” rating and a $32.00 target price on the stock. Robert W. Baird reissued a “buy” rating and issued a $37.00 price target on shares of Diodes in a research note on Tuesday, October 17th. Benchmark cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Diodes presently has an average rating of “Hold” and an average target price of $35.67.
Diodes Incorporated (NASDAQ DIOD) opened at $29.30 on Friday. The company has a market capitalization of $1,523.69, a price-to-earnings ratio of 28.05 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.18. Diodes Incorporated has a 12 month low of $22.06 and a 12 month high of $35.36.
Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $285.20 million during the quarter, compared to analysts’ expectations of $281.66 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. equities analysts predict that Diodes Incorporated will post 1.35 EPS for the current fiscal year.
In other news, VP Francis Tang sold 3,800 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $29.67, for a total value of $112,746.00. Following the sale, the vice president now directly owns 66,072 shares of the company’s stock, valued at approximately $1,960,356.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director C H. Chen sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $29.25, for a total transaction of $877,500.00. Following the completion of the sale, the director now directly owns 479,979 shares in the company, valued at $14,039,385.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 467,486 shares of company stock valued at $14,390,020. Company insiders own 7.00% of the company’s stock.
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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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