Great West Life Assurance Co. Can lessened its stake in Diodes Incorporated (NASDAQ:DIOD) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,889 shares of the semiconductor company’s stock after selling 4,001 shares during the period. Great West Life Assurance Co. Can owned 0.11% of Diodes worth $1,531,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Diodes by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,247,902 shares of the semiconductor company’s stock valued at $78,048,000 after purchasing an additional 261,522 shares during the period. State Street Corp increased its position in Diodes by 4.8% during the 2nd quarter. State Street Corp now owns 1,022,899 shares of the semiconductor company’s stock valued at $24,572,000 after purchasing an additional 46,506 shares during the period. Northern Trust Corp increased its position in Diodes by 2.9% during the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock valued at $18,679,000 after purchasing an additional 21,697 shares during the period. Ameriprise Financial Inc. increased its position in Diodes by 0.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 491,608 shares of the semiconductor company’s stock valued at $14,714,000 after purchasing an additional 3,999 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Diodes by 552.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 398,514 shares of the semiconductor company’s stock valued at $11,927,000 after purchasing an additional 337,471 shares during the period. 74.70% of the stock is currently owned by institutional investors.

In other news, CEO Keh Shew Lu sold 69,983 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $31.20, for a total value of $2,183,469.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shiao Kwang Edmund Tang sold 27,877 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $30.29, for a total transaction of $844,394.33. The disclosure for this sale can be found here. Insiders sold a total of 477,486 shares of company stock worth $14,707,920 over the last 90 days. Company insiders own 7.00% of the company’s stock.

A number of research firms have commented on DIOD. Benchmark downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Robert W. Baird reissued a “buy” rating and set a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, October 17th. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BidaskClub raised shares of Diodes from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $37.00.

Diodes Incorporated (DIOD) opened at $29.25 on Thursday. The company has a current ratio of 3.12, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. The company has a market cap of $1,450.00, a PE ratio of 26.63 and a beta of 1.15. Diodes Incorporated has a 12-month low of $22.06 and a 12-month high of $35.36.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The business had revenue of $285.20 million for the quarter, compared to analysts’ expectations of $281.66 million. During the same period last year, the business earned $0.30 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. equities research analysts expect that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.

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Diodes Profile

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)

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