State of Tennessee Treasury Department Trims Holdings in Diodes Incorporated (DIOD)
State of Tennessee Treasury Department trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 9.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,998 shares of the semiconductor company’s stock after selling 3,375 shares during the quarter. State of Tennessee Treasury Department’s holdings in Diodes were worth $889,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Diodes during the 3rd quarter worth approximately $167,000. Crossmark Global Holdings Inc. bought a new stake in Diodes during the 3rd quarter worth approximately $206,000. Piedmont Investment Advisors LLC bought a new stake in Diodes during the 3rd quarter worth approximately $250,000. Capital One National Association bought a new stake in Diodes during the 4th quarter worth approximately $354,000. Finally, Teacher Retirement System of Texas bought a new stake in Diodes during the 4th quarter worth approximately $390,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Diodes Incorporated (NASDAQ:DIOD) opened at $31.57 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.68 and a quick ratio of 1.80. Diodes Incorporated has a 12 month low of $22.06 and a 12 month high of $35.36. The company has a market cap of $1,549.39, a price-to-earnings ratio of 23.01 and a beta of 0.94.
In other news, VP Julie Holland sold 2,829 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $29.22, for a total value of $82,663.38. Following the sale, the vice president now directly owns 68,778 shares of the company’s stock, valued at approximately $2,009,693.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 7.00% of the company’s stock.
DIOD has been the topic of a number of research reports. ValuEngine lowered shares of Diodes from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. BidaskClub lowered shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Sidoti raised shares of Diodes from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, December 14th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 18th. Finally, Benchmark raised shares of Diodes from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Diodes currently has a consensus rating of “Buy” and a consensus price target of $34.50.
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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