Diodes Incorporated (NASDAQ:DIOD) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its position in Diodes Incorporated (NASDAQ:DIOD) by 133.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,731 shares of the semiconductor company’s stock after acquiring an additional 18,120 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Diodes worth $1,273,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DIOD. Sandy Spring Bank acquired a new stake in shares of Diodes during the second quarter worth approximately $36,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Diodes during the second quarter worth approximately $47,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Diodes by 58.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 1,186 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Diodes by 11.5% during the second quarter. Riverhead Capital Management LLC now owns 3,869 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 400 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Diodes by 104.7% during the second quarter. Acadian Asset Management LLC now owns 3,937 shares of the semiconductor company’s stock worth $143,000 after purchasing an additional 2,014 shares during the period. 80.62% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on DIOD shares. Zacks Investment Research cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Wells Fargo & Co started coverage on shares of Diodes in a research note on Monday, August 19th. They issued an “outperform” rating and a $55.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Diodes has an average rating of “Hold” and an average target price of $49.00.

Shares of DIOD stock opened at $41.42 on Friday. Diodes Incorporated has a 1 year low of $27.38 and a 1 year high of $44.27. The firm’s fifty day simple moving average is $39.09 and its 200 day simple moving average is $37.06. The firm has a market capitalization of $2.02 billion, a P/E ratio of 17.40 and a beta of 1.28. The company has a current ratio of 2.75, a quick ratio of 1.94 and a debt-to-equity ratio of 0.14.

Diodes (NASDAQ:DIOD) last announced its earnings results on Monday, August 5th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. Diodes had a net margin of 10.19% and a return on equity of 14.32%. The business had revenue of $322.00 million for the quarter, compared to analyst estimates of $320.20 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Diodes’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Diodes Incorporated will post 2.85 EPS for the current fiscal year.

In other Diodes news, CFO Brett R. Whitmire sold 2,093 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $38.00, for a total value of $79,534.00. Following the sale, the chief financial officer now owns 16,000 shares of the company’s stock, valued at approximately $608,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Emily Yang sold 1,731 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $40.71, for a total transaction of $70,469.01. Following the completion of the sale, the vice president now directly owns 46,961 shares in the company, valued at approximately $1,911,782.31. The disclosure for this sale can be found here. Insiders have sold 8,654 shares of company stock worth $360,108 in the last ninety days. 5.30% of the stock is currently owned by insiders.

Diodes Profile

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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