Diodes Incorporated (DIOD) Holdings Reduced by Comerica Bank
Comerica Bank trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,940 shares of the semiconductor company’s stock after selling 2,269 shares during the period. Comerica Bank owned approximately 0.08% of Diodes worth $1,054,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Diodes by 50,610.4% during the 1st quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock valued at $111,471,000 after buying an additional 4,625,794 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Diodes by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 3,356,058 shares of the semiconductor company’s stock valued at $80,713,000 after buying an additional 165,243 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 7.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,986,380 shares of the semiconductor company’s stock valued at $71,822,000 after buying an additional 219,293 shares during the period. State Street Corp lifted its holdings in shares of Diodes by 9.8% during the 1st quarter. State Street Corp now owns 976,393 shares of the semiconductor company’s stock valued at $23,478,000 after buying an additional 87,160 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Diodes by 2.9% during the 1st quarter. Ameriprise Financial Inc. now owns 596,454 shares of the semiconductor company’s stock valued at $14,344,000 after buying an additional 16,987 shares during the period. Institutional investors and hedge funds own 73.74% of the company’s stock.
Diodes Incorporated (DIOD) opened at 28.62 on Tuesday. Diodes Incorporated has a 12-month low of $19.64 and a 12-month high of $28.97. The stock’s 50 day moving average price is $27.11 and its 200 day moving average price is $25.35. The company has a market capitalization of $1.40 billion, a PE ratio of 54.20 and a beta of 1.22.
Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $264.20 million during the quarter, compared to the consensus estimate of $261.15 million. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. On average, equities analysts anticipate that Diodes Incorporated will post $1.28 EPS for the current fiscal year.
Several equities analysts have recently weighed in on DIOD shares. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Robert W. Baird reissued an “outperform” rating and set a $30.00 price target on shares of Diodes in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Diodes currently has an average rating of “Hold” and an average price target of $30.00.
In related news, VP Francis Tang sold 11,957 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 71,429 shares in the company, valued at $2,023,583.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C H. Chen sold 30,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $28.25, for a total transaction of $847,500.00. Following the transaction, the director now owns 509,979 shares of the company’s stock, valued at $14,406,906.75. The disclosure for this sale can be found here. Insiders have sold 310,508 shares of company stock valued at $8,369,544 over the last 90 days. 7.00% of the stock is currently owned by insiders.
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.
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