Rhumbline Advisers cut its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,387 shares of the semiconductor company’s stock after selling 439 shares during the period. Rhumbline Advisers owned 0.16% of Diodes worth $1,860,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DIOD. State of Alaska Department of Revenue lifted its position in Diodes by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 3,332 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Diodes by 10.1% during the first quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 800 shares during the last quarter. Mason Street Advisors LLC lifted its position in Diodes by 5.7% during the first quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 481 shares during the last quarter. Airain ltd acquired a new stake in Diodes during the first quarter worth approximately $247,000. Finally, Stevens Capital Management LP acquired a new stake in Diodes during the first quarter worth approximately $292,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/17/rhumbline-advisers-cuts-holdings-in-diodes-incorporated-diod.html.

In other news, major shareholder Semiconductor Corp Lite-On sold 116,209 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $26.95, for a total transaction of $3,131,832.55. Following the completion of the transaction, the insider now directly owns 8,045,778 shares of the company’s stock, valued at approximately $216,833,717.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Francis Tang sold 11,957 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $28.33, for a total transaction of $338,741.81. Following the transaction, the vice president now directly owns 71,429 shares of the company’s stock, valued at $2,023,583.57. The disclosure for this sale can be found here. Insiders have sold a total of 310,508 shares of company stock valued at $8,369,544 over the last three months. Insiders own 7.00% of the company’s stock.

Shares of Diodes Incorporated (NASDAQ:DIOD) opened at 28.81 on Friday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 54.56 and a beta of 1.22. The firm’s 50-day moving average is $27.05 and its 200 day moving average is $25.30. Diodes Incorporated has a 12 month low of $19.64 and a 12 month high of $28.88.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The firm had revenue of $264.20 million during the quarter, compared to the consensus estimate of $261.15 million. During the same period in the prior year, the firm earned $0.20 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Diodes Incorporated will post $1.28 EPS for the current year.

Several equities research analysts have issued reports on DIOD shares. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, August 11th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Cleveland Research downgraded shares of Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Finally, Robert W. Baird restated an “outperform” rating and set a $30.00 price objective on shares of Diodes in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Diodes presently has a consensus rating of “Hold” and a consensus target price of $30.00.

About Diodes

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

Receive News & Stock Ratings for Diodes Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes Incorporated and related stocks with our FREE daily email newsletter.