Glenmede Trust Co. NA Increases Position in Diodes Incorporated (NASDAQ:DIOD)

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Glenmede Trust Co. NA boosted its stake in Diodes Incorporated (NASDAQ:DIOD) by 368,401.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 943,363 shares of the semiconductor company’s stock after buying an additional 943,107 shares during the quarter. Glenmede Trust Co. NA owned approximately 1.88% of Diodes worth $32,518,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mackay Shields LLC purchased a new stake in shares of Diodes during the 1st quarter valued at $204,000. Amalgamated Bank purchased a new stake in shares of Diodes during the 2nd quarter valued at $205,000. Profund Advisors LLC purchased a new stake in shares of Diodes during the 1st quarter valued at $207,000. Fox Run Management L.L.C. purchased a new stake in shares of Diodes during the 2nd quarter valued at $208,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Diodes during the 1st quarter valued at $247,000. 75.62% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on DIOD. BidaskClub upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Robert W. Baird increased their price target on Diodes from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 19th. Zacks Investment Research downgraded Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 24th. Finally, Sidoti upgraded Diodes from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Diodes has an average rating of “Hold” and a consensus price target of $38.00.

Shares of DIOD stock traded up $0.48 on Friday, hitting $30.70. 327,098 shares of the stock were exchanged, compared to its average volume of 324,958. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 2.60. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 22.41 and a beta of 0.99. Diodes Incorporated has a one year low of $26.09 and a one year high of $39.31.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Diodes had a return on equity of 10.86% and a net margin of 2.42%. The business had revenue of $304.09 million during the quarter, compared to the consensus estimate of $300.00 million. Equities analysts predict that Diodes Incorporated will post 2.17 EPS for the current year.

In other Diodes news, VP Evan Yu sold 8,983 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $37.66, for a total value of $338,299.78. Following the completion of the transaction, the vice president now owns 36,170 shares in the company, valued at approximately $1,362,162.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Kuo-Chih Tsai sold 2,575 shares of Diodes stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $37.13, for a total value of $95,609.75. Following the sale, the director now owns 37,625 shares of the company’s stock, valued at approximately $1,397,016.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,551 shares of company stock valued at $3,723,392. 6.70% of the stock is owned by corporate insiders.

Diodes Profile

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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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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