Citigroup Inc. Has $937,000 Position in Diodes Incorporated (DIOD)
Citigroup Inc. reduced its position in Diodes Incorporated (NASDAQ:DIOD) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,011 shares of the semiconductor company’s stock after selling 3,589 shares during the period. Citigroup Inc. owned about 0.08% of Diodes worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of DIOD. BlackRock Inc. lifted its stake in shares of Diodes by 50,610.4% in the 1st quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock valued at $111,471,000 after purchasing an additional 4,625,794 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Diodes by 7.9% in 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 purchasing an additional 219,293 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Diodes in the 2nd quarter valued at $4,078,000. Martingale Asset Management L P acquired a new position in shares of Diodes in the 2nd quarter valued at $3,985,000. Finally, Vanguard Group Inc. lifted its stake in shares of Diodes by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 3,356,058 shares of the semiconductor company’s stock valued at $80,713,000 after purchasing an additional 165,243 shares during the period. Hedge funds and other institutional investors own 73.74% of the company’s stock.
Several research firms recently issued reports on DIOD. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, August 11th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Sidoti began coverage on shares of Diodes in a research note on Thursday, September 21st. They issued a “neutral” rating and a $32.00 target price for the company. Finally, Cleveland Research cut shares of Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Diodes currently has a consensus rating of “Hold” and an average target price of $30.67.
In other Diodes news, CEO Keh Shew Lu sold 69,084 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $30.30, for a total value of $2,093,245.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Clemente Beltran sold 6,581 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $31.00, for a total value of $204,011.00. The disclosure for this sale can be found here. In the last three months, insiders sold 517,654 shares of company stock valued at $14,677,799. 7.00% of the stock is owned by corporate insiders.
Shares of Diodes Incorporated (NASDAQ:DIOD) opened at 30.84 on Friday. Diodes Incorporated has a one year low of $19.64 and a one year high of $31.00. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 58.41 and a beta of 1.26. The company has a 50-day moving average of $28.26 and a 200 day moving average of $25.85.
Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The company had revenue of $264.20 million during the quarter, compared to the consensus estimate of $261.15 million. During the same quarter last year, the company earned $0.20 earnings per share. Diodes’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Diodes Incorporated will post $1.28 earnings per share for the current fiscal year.
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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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