Arizona State Retirement System raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 6.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,098 shares of the semiconductor company’s stock after buying an additional 3,697 shares during the quarter. Arizona State Retirement System’s holdings in Diodes were worth $1,971,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in DIOD. Vaughan Nelson Investment Management L.P. acquired a new stake in Diodes in the 3rd quarter valued at approximately $26,780,000. BlackRock Inc. grew its holdings in Diodes by 8.4% in the 3rd quarter. BlackRock Inc. now owns 6,111,423 shares of the semiconductor company’s stock valued at $203,450,000 after buying an additional 474,140 shares during the last quarter. Vanguard Group Inc grew its holdings in Diodes by 8.6% in the 3rd quarter. Vanguard Group Inc now owns 4,302,567 shares of the semiconductor company’s stock valued at $143,232,000 after buying an additional 340,281 shares during the last quarter. Vanguard Group Inc. grew its holdings in Diodes by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,302,567 shares of the semiconductor company’s stock valued at $143,232,000 after buying an additional 340,281 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Diodes by 317.0% in the 3rd quarter. LSV Asset Management now owns 445,350 shares of the semiconductor company’s stock valued at $14,825,000 after buying an additional 338,550 shares during the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:DIOD opened at $37.40 on Thursday. Diodes Incorporated has a 1-year low of $27.38 and a 1-year high of $39.31. The company has a market cap of $1.82 billion, a PE ratio of 27.30 and a beta of 1.04. The company has a current ratio of 2.47, a quick ratio of 1.64 and a debt-to-equity ratio of 0.15.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Wednesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. Diodes had a return on equity of 11.99% and a net margin of 3.75%. The company had revenue of $314.40 million for the quarter, compared to analyst estimates of $313.21 million. During the same quarter last year, the firm earned $0.42 EPS. Diodes’s revenue for the quarter was up 17.1% compared to the same quarter last year. Research analysts expect that Diodes Incorporated will post 2.35 EPS for the current year.
A number of analysts have issued reports on the company. BidaskClub lowered Diodes from a “hold” rating to a “sell” rating in a report on Friday, January 11th. ValuEngine raised Diodes from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Zacks Investment Research raised Diodes from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a report on Friday, November 9th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Diodes in a report on Friday, January 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Diodes currently has a consensus rating of “Buy” and an average price target of $40.33.
In other news, Director C H. Chen sold 5,000 shares of Diodes stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $35.26, for a total transaction of $176,300.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director C H. Chen sold 15,000 shares of Diodes stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $36.03, for a total value of $540,450.00. Following the sale, the director now directly owns 429,679 shares in the company, valued at approximately $15,481,334.37. The disclosure for this sale can be found here. Insiders have sold a total of 129,549 shares of company stock worth $4,511,230 in the last three months. 6.70% of the stock is owned by insiders.
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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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