Diodes Incorporated (DIOD) Shares Bought by Legal & General Group Plc
Legal & General Group Plc increased its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 9.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,014 shares of the semiconductor company’s stock after purchasing an additional 5,922 shares during the quarter. Legal & General Group Plc owned 0.15% of Diodes worth $1,707,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its position in Diodes by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock worth $181,000 after buying an additional 3,332 shares during the period. Public Employees Retirement System of Ohio increased its position in Diodes by 10.1% in the first quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock worth $210,000 after buying an additional 800 shares during the period. Mason Street Advisors LLC increased its position in Diodes by 5.7% in the first quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock worth $215,000 after buying an additional 481 shares during the period. Airain ltd acquired a new stake in Diodes in the first quarter worth $247,000. Finally, Stevens Capital Management LP acquired a new stake in Diodes in the first quarter worth $292,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.
DIOD has been the topic of several analyst reports. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, August 11th. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Cleveland Research lowered Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Sidoti initiated coverage on Diodes in a research report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Diodes in a research report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.67.
In other news, CFO Richard Dallas White sold 2,750 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $23.81, for a total transaction of $65,477.50. Following the completion of the sale, the chief financial officer now owns 93,621 shares in the company, valued at $2,229,116.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 8,505 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $23.81, for a total value of $202,504.05. Following the sale, the chief executive officer now owns 1,032,021 shares of the company’s stock, valued at approximately $24,572,420.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 310,508 shares of company stock valued at $8,369,544. Corporate insiders own 7.00% of the company’s stock.
Diodes Incorporated (NASDAQ DIOD) opened at 28.21 on Tuesday. Diodes Incorporated has a one year low of $19.64 and a one year high of $28.97. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 53.43 and a beta of 1.22. The stock’s 50 day moving average price is $27.17 and its 200-day moving average price is $25.38.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The firm had revenue of $264.20 million during the quarter, compared to the consensus estimate of $261.15 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Diodes Incorporated will post $1.28 earnings per share for the current fiscal year.
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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