Foresters Investment Management Company Inc. raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,900 shares of the semiconductor company’s stock after acquiring an additional 10,900 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Diodes were worth $6,868,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. lifted its holdings in Diodes by 3.6% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,450 shares of the semiconductor company’s stock valued at $305,000 after acquiring an additional 326 shares during the period. Comerica Bank lifted its holdings in Diodes by 0.9% in the fourth quarter. Comerica Bank now owns 38,885 shares of the semiconductor company’s stock valued at $1,254,000 after acquiring an additional 358 shares during the period. State of Alaska Department of Revenue lifted its holdings in Diodes by 4.1% in the fourth quarter. State of Alaska Department of Revenue now owns 13,267 shares of the semiconductor company’s stock valued at $427,000 after acquiring an additional 525 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Diodes in the fourth quarter valued at $26,000. Finally, Advisors Asset Management Inc. acquired a new stake in Diodes in the fourth quarter valued at $32,000. 80.78% of the stock is owned by institutional investors.
In other news, CEO Keh Shew Lu sold 21,259 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $34.60, for a total value of $735,561.40. Following the completion of the transaction, the chief executive officer now owns 601,566 shares in the company, valued at $20,814,183.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Richard Dallas White sold 31,149 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $41.19, for a total value of $1,283,027.31. Following the completion of the transaction, the chief financial officer now owns 113,920 shares of the company’s stock, valued at approximately $4,692,364.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 223,400 shares of company stock valued at $8,492,676. Company insiders own 6.70% of the company’s stock.
Shares of DIOD stock opened at $37.01 on Friday. Diodes Incorporated has a fifty-two week low of $27.38 and a fifty-two week high of $44.27. The firm has a market capitalization of $1.94 billion, a PE ratio of 15.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.89 and a quick ratio of 2.04.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Wednesday, February 13th. The semiconductor company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. Diodes had a return on equity of 12.89% and a net margin of 8.57%. The business had revenue of $314.40 million during the quarter, compared to analysts’ expectations of $313.21 million. During the same quarter last year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Diodes Incorporated will post 2.5 earnings per share for the current fiscal year.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
See Also: Fiduciary
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