Diodes Incorporated (DIOD) Holdings Increased by US Bancorp DE
US Bancorp DE raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,096 shares of the semiconductor company’s stock after acquiring an additional 8,179 shares during the period. US Bancorp DE owned approximately 0.10% of Diodes worth $1,657,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in shares of Diodes during the 2nd quarter valued at about $205,000. Fox Run Management L.L.C. purchased a new position in shares of Diodes during the 2nd quarter valued at about $208,000. Mackay Shields LLC purchased a new position in shares of Diodes during the 1st quarter valued at about $204,000. Profund Advisors LLC purchased a new position in shares of Diodes during the 1st quarter valued at about $207,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Diodes during the 1st quarter valued at about $247,000. 75.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Diodes stock opened at $35.59 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 2.60. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 19.17 and a beta of 0.95. Diodes Incorporated has a one year low of $26.09 and a one year high of $39.31.
A number of brokerages recently weighed in on DIOD. BidaskClub raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday, August 11th. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, May 10th. Robert W. Baird raised their price objective on Diodes from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, June 19th. Finally, Sidoti cut Diodes from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Thursday, June 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Diodes currently has a consensus rating of “Buy” and a consensus price target of $38.00.
In other Diodes news, CEO Keh Shew Lu sold 48,248 shares of Diodes stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $38.32, for a total value of $1,848,863.36. Following the transaction, the chief executive officer now directly owns 620,304 shares of the company’s stock, valued at approximately $23,770,049.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Francis Tang sold 4,708 shares of Diodes stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $38.00, for a total value of $178,904.00. Following the completion of the transaction, the vice president now directly owns 86,001 shares in the company, valued at $3,268,038. The disclosure for this sale can be found here. Insiders sold a total of 97,551 shares of company stock worth $3,723,392 over the last ninety days. Insiders own 6.70% of the company’s stock.
Diodes Company Profile
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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