Diodes Incorporated (DIOD) Holdings Raised by Foresters Investment Management Company Inc.

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.

A number of equities research analysts have commented on the company. ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BidaskClub cut Diodes from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Robert W. Baird restated a “buy” rating on shares of Diodes in a research report on Friday, January 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Diodes presently has a consensus rating of “Hold” and a consensus price target of $40.33.

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.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.themarketsdaily.com/2019/03/15/diodes-incorporated-diod-holdings-raised-by-foresters-investment-management-company-inc.html.

Diodes Profile

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

Want to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated (NASDAQ:DIOD).

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.