State Board of Administration of Florida Retirement System lowered its stake in Diodes Inc. (NASDAQ:DIOD) by 28.1% during the second quarter, Holdings Channel reports. The fund owned 32,013 shares of the company’s stock after selling 12,522 shares during the period. State Board of Administration of Florida Retirement System owned 0.07% of Diodes worth $602,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. increased its position in Diodes by 2.7% in the first quarter. Prudential Financial Inc. now owns 92,308 shares of the company’s stock valued at $1,855,000 after buying an additional 2,400 shares during the last quarter. BlackRock Fund Advisors increased its position in Diodes by 0.6% in the first quarter. BlackRock Fund Advisors now owns 2,427,914 shares of the company’s stock valued at $48,801,000 after buying an additional 15,587 shares during the last quarter. Foundry Partners LLC increased its position in Diodes by 1,061.4% in the second quarter. Foundry Partners LLC now owns 174,155 shares of the company’s stock valued at $3,272,000 after buying an additional 159,160 shares during the last quarter. California State Teachers Retirement System increased its position in Diodes by 0.6% in the second quarter. California State Teachers Retirement System now owns 79,879 shares of the company’s stock valued at $1,501,000 after buying an additional 489 shares during the last quarter. Finally, Swiss National Bank increased its position in Diodes by 4.8% in the second quarter. Swiss National Bank now owns 67,400 shares of the company’s stock valued at $1,266,000 after buying an additional 3,100 shares during the last quarter. 76.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Diodes Inc. (NASDAQ:DIOD) traded down 1.37% during midday trading on Tuesday, hitting $20.83. The stock had a trading volume of 69,357 shares. Diodes Inc. has a 1-year low of $16.58 and a 1-year high of $25.20. The company’s 50 day moving average price is $20.43 and its 200-day moving average price is $19.28. The firm has a market capitalization of $1.02 billion, a PE ratio of 484.42 and a beta of 1.42.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Diodes had a net margin of 0.86% and a return on equity of 3.39%. The company earned $236.60 million during the quarter, compared to analyst estimates of $234.92 million. During the same quarter in the previous year, the business earned $0.34 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Diodes Inc. will post $0.88 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th.
In other news, Director John M. Stich sold 5,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $20.61, for a total value of $103,050.00. Following the completion of the transaction, the director now owns 35,700 shares of the company’s stock, valued at approximately $735,777. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.70% of the stock is currently owned by insiders.
Diodes Company Profile
Diodes Incorporated is a global 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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