United Services Automobile Association raised its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 0.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 263,176 shares of the semiconductor company’s stock after purchasing an additional 2,139 shares during the quarter. United Services Automobile Association’s holdings in Diodes were worth $9,072,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of Diodes by 454.8% during the 1st quarter. Wells Fargo & Company MN now owns 335,194 shares of the semiconductor company’s stock worth $10,210,000 after buying an additional 274,778 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Diodes by 24.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 333,929 shares of the semiconductor company’s stock worth $10,172,000 after buying an additional 65,072 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Diodes by 0.4% during the 1st quarter. Northern Trust Corp now owns 769,238 shares of the semiconductor company’s stock worth $23,431,000 after buying an additional 2,769 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Diodes by 1.9% during the 1st quarter. BlackRock Inc. now owns 5,179,278 shares of the semiconductor company’s stock worth $157,762,000 after buying an additional 98,675 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Diodes by 20.8% during the 1st quarter. California Public Employees Retirement System now owns 81,235 shares of the semiconductor company’s stock worth $2,474,000 after buying an additional 13,993 shares in the last quarter. 75.62% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Richard Dallas White sold 13,000 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $37.88, for a total value of $492,440.00. Following the transaction, the chief financial officer now directly owns 111,920 shares in the company, valued at approximately $4,239,529.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Kuo-Chih Tsai sold 2,575 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $37.13, for a total value of $95,609.75. Following the completion of the transaction, the director now owns 37,625 shares in the company, valued at $1,397,016.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,551 shares of company stock worth $3,723,392. 6.70% of the stock is owned by company insiders.
Diodes stock opened at $30.68 on Tuesday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 22.39 and a beta of 0.99. Diodes Incorporated has a 52-week low of $26.09 and a 52-week high of $39.31. The company has a current ratio of 2.60, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18.
Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Diodes had a return on equity of 10.86% and a net margin of 2.42%. The company had revenue of $304.09 million for the quarter, compared to analysts’ expectations of $300.00 million. As a group, sell-side analysts forecast that Diodes Incorporated will post 2.17 EPS for the current year.
DIOD has been the topic of a number of research analyst reports. Sidoti upgraded Diodes from a “neutral” rating to a “buy” rating in a report on Wednesday, September 19th. BidaskClub cut Diodes from a “sell” rating to a “strong sell” rating in a report on Saturday, September 15th. Robert W. Baird increased their price target on Diodes from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, June 19th. Finally, Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.00.
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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