IndexIQ Advisors LLC grew its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 83.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,040 shares of the semiconductor company’s stock after purchasing an additional 16,368 shares during the quarter. IndexIQ Advisors LLC owned approximately 0.07% of Diodes worth $1,079,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. Stevens Capital Management LP grew its holdings in shares of Diodes by 20.0% during the third quarter. Stevens Capital Management LP now owns 18,989 shares of the semiconductor company’s stock worth $568,000 after purchasing an additional 3,171 shares during the last quarter. Chicago Equity Partners LLC grew its holdings in shares of Diodes by 183.4% during the third quarter. Chicago Equity Partners LLC now owns 31,215 shares of the semiconductor company’s stock worth $934,000 after purchasing an additional 20,200 shares during the last quarter. Bridge City Capital LLC grew its holdings in shares of Diodes by 8.7% during the third quarter. Bridge City Capital LLC now owns 99,518 shares of the semiconductor company’s stock worth $2,979,000 after purchasing an additional 7,931 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Diodes during the third quarter worth about $206,000. Finally, First Quadrant L P CA grew its holdings in shares of Diodes by 40.8% during the third quarter. First Quadrant L P CA now owns 25,308 shares of the semiconductor company’s stock worth $757,000 after purchasing an additional 7,334 shares during the last quarter. 73.58% of the stock is currently owned by institutional investors.
In related news, major shareholder Semiconductor Corp Lite-On sold 1,184 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $27.01, for a total value of $31,979.84. Following the completion of the sale, the insider now owns 7,879,291 shares in the company, valued at $212,819,649.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Clemente Beltran sold 4,993 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $35.00, for a total transaction of $174,755.00. Following the completion of the sale, the vice president now owns 31,256 shares of the company’s stock, valued at approximately $1,093,960. The disclosure for this sale can be found here. In the last 90 days, insiders sold 639,852 shares of company stock valued at $18,535,405. 7.00% of the stock is owned by insiders.
DIOD has been the topic of several research reports. Sidoti initiated coverage on Diodes in a report on Thursday, September 21st. They set a “neutral” rating and a $32.00 price objective on the stock. Cleveland Research lowered Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. Zacks Investment Research lowered Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Benchmark Co. lowered Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $35.67.
Diodes Incorporated (NASDAQ:DIOD) opened at $31.52 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.54 and a debt-to-equity ratio of 0.34. Diodes Incorporated has a twelve month low of $20.38 and a twelve month high of $35.36. The stock has a market capitalization of $1,603.20, a PE ratio of 29.51 and a beta of 1.23.
Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $285.20 million for the quarter, compared to analyst estimates of $281.66 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. analysts expect that Diodes Incorporated will post 1.4 EPS for the current year.
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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