Louisiana State Employees Retirement System decreased its position in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) by 1.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 21,200 shares of the semiconductor company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Diodes were worth $1,967,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in Diodes in the 1st quarter valued at approximately $114,000. Oliver Luxxe Assets LLC raised its holdings in Diodes by 7.0% in the 1st quarter. Oliver Luxxe Assets LLC now owns 7,039 shares of the semiconductor company’s stock worth $653,000 after purchasing an additional 462 shares during the period. Marshall Financial Group LLC bought a new position in Diodes in the 1st quarter worth $644,000. Assenagon Asset Management S.A. bought a new position in Diodes in the 1st quarter worth $3,726,000. Finally, RBA Wealth Management LLC raised its holdings in Diodes by 2.2% in the 1st quarter. RBA Wealth Management LLC now owns 52,601 shares of the semiconductor company’s stock worth $4,879,000 after purchasing an additional 1,147 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.
Insiders Place Their Bets
In other Diodes news, CEO Keh Shew Lu sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $97.00, for a total transaction of $291,000.00. Following the sale, the chief executive officer now directly owns 283,492 shares in the company, valued at approximately $27,498,724. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Gary Yu sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $90.21, for a total transaction of $180,420.00. Following the completion of the transaction, the chief operating officer now owns 48,296 shares of the company’s stock, valued at approximately $4,356,782.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $97.00, for a total transaction of $291,000.00. Following the sale, the chief executive officer now directly owns 283,492 shares of the company’s stock, valued at approximately $27,498,724. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,639 shares of company stock worth $5,086,553. Company insiders own 2.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Diodes Price Performance
DIOD stock opened at $92.49 on Monday. The business’s fifty day moving average price is $89.09 and its 200 day moving average price is $87.89. The company has a current ratio of 2.87, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05. Diodes Incorporated has a 12-month low of $58.52 and a 12-month high of $97.45. The company has a market capitalization of $4.23 billion, a PE ratio of 12.90 and a beta of 1.46.
Diodes (NASDAQ:DIOD – Free Report) last posted its earnings results on Tuesday, May 9th. The semiconductor company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.46 by $0.13. The firm had revenue of $467.24 million for the quarter, compared to analyst estimates of $467.03 million. Diodes had a return on equity of 21.67% and a net margin of 16.61%. Diodes’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 earnings per share. On average, sell-side analysts anticipate that Diodes Incorporated will post 6.39 EPS for the current year.
Diodes Company Profile
Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.
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