BNP Paribas Arbitrage SA Purchases 6,417 Shares of Diodes Incorporated (DIOD)
BNP Paribas Arbitrage SA increased its position in Diodes Incorporated (NASDAQ:DIOD) by 44.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,846 shares of the semiconductor company’s stock after buying an additional 6,417 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Diodes were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in DIOD. Numeric Investors LLC increased its stake in shares of Diodes by 3,432.0% in the second quarter. Numeric Investors LLC now owns 342,600 shares of the semiconductor company’s stock valued at $8,233,000 after buying an additional 332,900 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Diodes by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,247,902 shares of the semiconductor company’s stock valued at $78,048,000 after buying an additional 261,522 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Diodes in the second quarter valued at approximately $4,078,000. Martingale Asset Management L P acquired a new position in shares of Diodes in the second quarter valued at approximately $3,985,000. Finally, Tygh Capital Management Inc. acquired a new position in shares of Diodes in the second quarter valued at approximately $3,174,000. 74.74% of the stock is owned by institutional investors.
A number of analysts have weighed in on DIOD shares. BidaskClub downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday. Robert W. Baird reissued a “buy” rating and set a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, August 11th. Benchmark downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Diodes presently has a consensus rating of “Hold” and an average target price of $35.67.
In other news, VP Francis Tang sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $29.67, for a total transaction of $112,746.00. Following the completion of the sale, the vice president now 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 is accessible through this link. Also, SVP Mark A. King sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $31.79, for a total transaction of $317,900.00. Following the sale, the senior vice president now directly owns 69,888 shares of the company’s stock, valued at approximately $2,221,739.52. The disclosure for this sale can be found here. Insiders have sold a total of 477,486 shares of company stock valued at $14,707,920 in the last three months. Insiders own 7.00% of the company’s stock.
Shares of Diodes Incorporated (NASDAQ:DIOD) opened at $28.35 on Thursday. The firm has a market cap of $1,408.61, a P/E ratio of 25.93 and a beta of 1.15. The company has a current ratio of 3.12, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. Diodes Incorporated has a 52-week low of $22.06 and a 52-week high of $35.36.
Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $285.20 million during the quarter, compared to the consensus estimate of $281.66 million. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. equities research analysts forecast that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.
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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