Squarepoint Ops LLC increased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 127.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,140 shares of the semiconductor company’s stock after buying an additional 16,345 shares during the period. Squarepoint Ops LLC’s holdings in Diodes were worth $940,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of DIOD. BlackRock Inc. boosted its holdings in shares of Diodes by 5.0% during the fourth quarter. BlackRock Inc. now owns 6,415,205 shares of the semiconductor company’s stock worth $206,956,000 after acquiring an additional 303,782 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Diodes by 8.6% during the third quarter. Vanguard Group Inc. now owns 4,302,567 shares of the semiconductor company’s stock worth $143,232,000 after acquiring an additional 340,281 shares during the period. Vanguard Group Inc boosted its holdings in shares of Diodes by 8.6% during the third quarter. Vanguard Group Inc now owns 4,302,567 shares of the semiconductor company’s stock worth $143,232,000 after acquiring an additional 340,281 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Diodes by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,190,553 shares of the semiconductor company’s stock worth $135,187,000 after acquiring an additional 134,372 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Diodes by 216.7% during the fourth quarter. LSV Asset Management now owns 1,410,462 shares of the semiconductor company’s stock worth $45,501,000 after acquiring an additional 965,112 shares during the period. Institutional investors and hedge funds own 80.29% of the company’s stock.

In other Diodes news, CEO Keh Shew Lu sold 75,471 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $38.76, for a total transaction of $2,925,255.96. Following the completion of the transaction, the chief executive officer now directly owns 598,762 shares in the company, valued at $23,208,015.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Dallas White sold 31,149 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $41.19, for a total transaction of $1,283,027.31. Following the transaction, the chief financial officer now owns 113,920 shares of the company’s stock, valued at $4,692,364.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 223,400 shares of company stock valued at $8,492,676. 6.70% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on DIOD. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Robert W. Baird reiterated a “buy” rating on shares of Diodes in a research report on Friday, January 11th. Finally, ValuEngine upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $40.33.

NASDAQ DIOD opened at $38.14 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.89 and a quick ratio of 2.04. Diodes Incorporated has a 1-year low of $27.38 and a 1-year high of $44.27. The company has a market capitalization of $1.94 billion, a PE ratio of 16.03 and a beta of 1.08.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Wednesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Diodes had a net margin of 8.57% and a return on equity of 12.89%. The company had revenue of $314.40 million during the quarter, compared to the consensus estimate of $313.21 million. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. On average, sell-side analysts anticipate that Diodes Incorporated will post 2.5 earnings per share for the current year.

WARNING: “Diodes Incorporated (DIOD) Shares Bought by Squarepoint Ops LLC” was posted by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.dailypolitical.com/2019/04/05/diodes-incorporated-diod-shares-bought-by-squarepoint-ops-llc.html.

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.

See Also: What is a stock buyback?

Want to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated (NASDAQ:DIOD).

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.