Diodes Incorporated (NASDAQ:DIOD) Shares Acquired by Russell Investments Group Ltd.

Share on StockTwits

Russell Investments Group Ltd. lifted its position in Diodes Incorporated (NASDAQ:DIOD) by 296.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,059 shares of the semiconductor company’s stock after purchasing an additional 80,022 shares during the quarter. Russell Investments Group Ltd. owned about 0.21% of Diodes worth $4,295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Texas Permanent School Fund grew its holdings in shares of Diodes by 3.6% in the third quarter. Texas Permanent School Fund now owns 28,115 shares of the semiconductor company’s stock valued at $1,129,000 after purchasing an additional 978 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Diodes in the third quarter valued at about $1,356,000. Comerica Bank grew its holdings in shares of Diodes by 4.5% in the third quarter. Comerica Bank now owns 39,441 shares of the semiconductor company’s stock valued at $1,670,000 after purchasing an additional 1,712 shares during the period. California Public Employees Retirement System grew its holdings in shares of Diodes by 45.2% in the third quarter. California Public Employees Retirement System now owns 120,114 shares of the semiconductor company’s stock valued at $4,823,000 after purchasing an additional 37,387 shares during the period. Finally, State of Tennessee Treasury Department grew its holdings in shares of Diodes by 3.6% in the third quarter. State of Tennessee Treasury Department now owns 28,832 shares of the semiconductor company’s stock valued at $1,158,000 after purchasing an additional 993 shares during the period. 87.68% of the stock is owned by hedge funds and other institutional investors.

Shares of DIOD stock opened at $44.97 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.56 and a quick ratio of 1.79. The firm has a market cap of $2.36 billion, a PE ratio of 18.89 and a beta of 1.30. The company has a 50-day moving average of $43.53 and a two-hundred day moving average of $38.48. Diodes Incorporated has a 1-year low of $29.88 and a 1-year high of $49.36.

Diodes (NASDAQ:DIOD) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.03. The company had revenue of $323.67 million during the quarter, compared to analyst estimates of $322.90 million. Diodes had a net margin of 10.74% and a return on equity of 14.60%. Diodes’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. Sell-side analysts anticipate that Diodes Incorporated will post 2.9 EPS for the current fiscal year.

In other news, VP Francis Tang sold 2,454 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.50, for a total value of $114,111.00. Following the completion of the transaction, the vice president now owns 86,217 shares of the company’s stock, valued at $4,009,090.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Emily Yang sold 1,731 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $40.71, for a total transaction of $70,469.01. Following the completion of the transaction, the vice president now directly owns 46,961 shares of the company’s stock, valued at approximately $1,911,782.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,083 shares of company stock valued at $649,157. 5.30% of the stock is currently owned by insiders.

A number of brokerages recently issued reports on DIOD. BidaskClub lowered shares of Diodes from a “strong-buy” rating to a “buy” rating in a report on Friday, November 8th. ValuEngine lowered shares of Diodes from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Co lowered their target price on shares of Diodes from $55.00 to $53.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Diodes presently has an average rating of “Buy” and a consensus price target of $52.00.

About Diodes

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.

Featured Article: Monthly Dividend Stocks Can Provide Solid Income

Institutional Ownership by Quarter for Diodes (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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.