State Street Corp Boosts Stake in Diodes Incorporated (DIOD)

State Street Corp grew its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 4.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,022,899 shares of the semiconductor company’s stock after purchasing an additional 46,506 shares during the period. State Street Corp owned approximately 2.08% of Diodes worth $24,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Diodes by 50,610.4% during the 1st quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock valued at $111,471,000 after purchasing an additional 4,625,794 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Diodes by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 3,356,058 shares of the semiconductor company’s stock valued at $80,713,000 after purchasing an additional 165,243 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Diodes by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,247,902 shares of the semiconductor company’s stock valued at $78,048,000 after purchasing an additional 261,522 shares in the last quarter. Northern Trust Corp boosted its position in shares of Diodes by 2.9% during the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock valued at $18,679,000 after purchasing an additional 21,697 shares in the last quarter. Finally, Numeric Investors LLC boosted its position in shares of Diodes by 3,432.0% during the 2nd quarter. Numeric Investors LLC now owns 342,600 shares of the semiconductor company’s stock valued at $8,233,000 after purchasing an additional 332,900 shares in the last quarter. Institutional investors own 72.03% of the company’s stock.

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Shares of Diodes Incorporated (DIOD) opened at $30.90 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 3.12. Diodes Incorporated has a 52 week low of $21.86 and a 52 week high of $35.36. The company has a market cap of $1,531.59, a PE ratio of 28.19 and a beta of 1.23.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $285.20 million during the quarter, compared to analyst estimates of $281.66 million. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. equities research analysts predict that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

In other news, VP Shiao Kwang Edmund Tang sold 27,877 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $30.29, for a total value of $844,394.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Semiconductor Corp Lite-On sold 21,193 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $26.51, for a total transaction of $561,826.43. Following the completion of the sale, the insider now directly owns 7,929,701 shares of the company’s stock, valued at $210,216,373.51. The disclosure for this sale can be found here. Insiders sold 535,191 shares of company stock valued at $15,771,075 over the last three months. 7.00% of the stock is owned by insiders.

A number of analysts have commented on DIOD shares. Sidoti started coverage on shares of Diodes in a research note on Thursday, September 21st. They set a “neutral” rating and a $32.00 price objective for the company. Cleveland Research lowered shares of Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, October 17th. Benchmark Co. lowered shares of Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, BidaskClub raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. 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 stock. The stock has an average rating of “Hold” and an average target price of $35.67.

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

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