State Board of Administration of Florida Retirement System lifted its stake in Diodes Incorporated (NASDAQ:DIOD) by 17.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,491 shares of the semiconductor company’s stock after purchasing an additional 5,818 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.08% of Diodes worth $1,281,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Diodes by 8.8% in the second quarter. BlackRock Inc. now owns 5,637,283 shares of the semiconductor company’s stock valued at $194,317,000 after purchasing an additional 458,005 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Diodes by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,968,874 shares of the semiconductor company’s stock valued at $136,808,000 after purchasing an additional 163,479 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Diodes by 368,401.2% in the second quarter. Glenmede Trust Co. NA now owns 943,363 shares of the semiconductor company’s stock valued at $32,518,000 after purchasing an additional 943,107 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Diodes by 2.6% in the second quarter. Northern Trust Corp now owns 788,980 shares of the semiconductor company’s stock valued at $27,197,000 after purchasing an additional 19,742 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Diodes by 82.5% in the second quarter. Wells Fargo & Company MN now owns 611,710 shares of the semiconductor company’s stock valued at $21,085,000 after purchasing an additional 276,516 shares during the last quarter. 78.44% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Richard Dallas White sold 13,000 shares of the firm’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $37.88, for a total transaction of $492,440.00. Following the completion of the transaction, the chief financial officer now directly owns 111,920 shares in the company, valued at $4,239,529.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Keh Shew Lu sold 48,248 shares of the firm’s stock in a transaction 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 owns 620,304 shares of the company’s stock, valued at $23,770,049.28. The disclosure for this sale can be found here. Insiders sold 81,183 shares of company stock valued at $3,100,893 over the last quarter. 6.70% of the stock is currently owned by company insiders.

Several research firms recently commented on DIOD. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a report on Friday, September 7th. BidaskClub upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Finally, Zacks Investment Research upgraded Diodes from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Diodes has a consensus rating of “Buy” and a consensus target price of $38.75.

Shares of Diodes stock opened at $32.79 on Wednesday. The company has a market capitalization of $1.66 billion, a P/E ratio of 23.93 and a beta of 1.06. Diodes Incorporated has a fifty-two week low of $26.09 and a fifty-two week high of $39.31. The company has a quick ratio of 1.64, a current ratio of 2.47 and a debt-to-equity ratio of 0.15.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. The company had revenue of $320.90 million during the quarter, compared to analyst estimates of $321.48 million. Diodes had a return on equity of 11.99% and a net margin of 3.75%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. Equities research analysts predict that Diodes Incorporated will post 2.35 EPS for the current year.

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Diodes 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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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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