Morgan Dempsey Capital Management LLC reduced its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,154 shares of the semiconductor company’s stock after selling 336 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in Diodes were worth $660,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Sandy Spring Bank acquired a new stake in Diodes in the second quarter valued at approximately $36,000. C M Bidwell & Associates Ltd. bought a new stake in Diodes during the 2nd quarter worth approximately $47,000. Advisors Asset Management Inc. increased its stake in Diodes by 72.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,731 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 729 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Diodes by 58.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Diodes by 104.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,937 shares of the semiconductor company’s stock worth $143,000 after purchasing an additional 2,014 shares in the last quarter. Institutional investors and hedge funds own 80.86% of the company’s stock.
Shares of NASDAQ DIOD traded up $0.75 during trading hours on Thursday, hitting $36.73. The company had a trading volume of 23,917 shares, compared to its average volume of 662,062. The stock has a market capitalization of $1.83 billion, a P/E ratio of 15.39 and a beta of 1.22. The company has a quick ratio of 1.94, a current ratio of 2.75 and a debt-to-equity ratio of 0.14. Diodes Incorporated has a 1-year low of $27.38 and a 1-year high of $44.27. The firm’s 50 day moving average is $38.72 and its 200-day moving average is $37.00.
Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Monday, August 5th. The semiconductor company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. Diodes had a return on equity of 14.32% and a net margin of 10.19%. The company had revenue of $322.00 million during the quarter, compared to the consensus estimate of $320.20 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Diodes Incorporated will post 2.85 earnings per share for the current year.
In related news, CFO Brett R. Whitmire sold 2,093 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $38.00, for a total value of $79,534.00. Following the transaction, the chief financial officer now owns 16,000 shares in the company, valued at $608,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Evan Yu sold 4,830 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $43.50, for a total value of $210,105.00. Following the completion of the transaction, the vice president now owns 44,026 shares in the company, valued at approximately $1,915,131. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.
A number of analysts recently issued reports on the company. BidaskClub cut Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Wells Fargo & Co assumed coverage on Diodes in a research note on Monday, August 19th. They set an “outperform” rating and a $55.00 target price for the company. Finally, Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $49.00.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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