STA Wealth Management LLC purchased a new stake in Diodes Incorporated (NASDAQ:DIOD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 38,044 shares of the semiconductor company’s stock, valued at approximately $1,384,000. STA Wealth Management LLC owned 0.07% of Diodes at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bridge City Capital LLC raised its stake in shares of Diodes by 0.5% in the 2nd quarter. Bridge City Capital LLC now owns 49,430 shares of the semiconductor company’s stock valued at $1,798,000 after purchasing an additional 243 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Diodes by 2.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 15,666 shares of the semiconductor company’s stock valued at $570,000 after purchasing an additional 300 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Diodes by 11.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,869 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 400 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Diodes by 3.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,029 shares of the semiconductor company’s stock valued at $487,000 after purchasing an additional 425 shares during the period. Finally, Trexquant Investment LP raised its stake in shares of Diodes by 2.7% in the 2nd quarter. Trexquant Investment LP now owns 17,921 shares of the semiconductor company’s stock valued at $652,000 after purchasing an additional 474 shares during the period. 80.62% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Brett R. Whitmire sold 2,093 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $38.00, for a total transaction of $79,534.00. Following the completion of the sale, the chief financial officer now owns 16,000 shares in the company, valued at $608,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Evan Yu sold 4,830 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 44,026 shares of the company’s stock, valued at approximately $1,915,131. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.
DIOD has been the topic of several recent research reports. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Wednesday, August 7th. BidaskClub raised Diodes from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Co initiated coverage on Diodes in a research report on Monday, August 19th. They issued an “outperform” rating and a $55.00 target price on the stock. Finally, ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.00.
Shares of NASDAQ:DIOD traded up $0.03 during midday trading on Monday, reaching $40.69. The company had a trading volume of 16,738 shares, compared to its average volume of 419,105. The company has a quick ratio of 1.94, a current ratio of 2.75 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average price is $38.79 and its 200 day moving average price is $36.85. The stock has a market cap of $2.08 billion, a PE ratio of 17.12 and a beta of 1.29. Diodes Incorporated has a 1-year low of $27.38 and a 1-year high of $44.27.
Diodes (NASDAQ:DIOD) last released its earnings results on Monday, August 5th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The business had revenue of $322.00 million for the quarter, compared to the consensus estimate of $320.20 million. Diodes had a return on equity of 14.32% and a net margin of 10.19%. Diodes’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, research analysts expect that Diodes Incorporated will post 2.85 earnings per share for the current fiscal year.
Diodes Company Profile
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.
Further Reading: Mutual funds are not immune from market timing
Want to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated (NASDAQ:DIOD).
Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.