Nationwide Fund Advisors reduced its position in shares of Diodes Inc. (NASDAQ:DIOD) by 35.4% during the second quarter, Holdings Channel reports. The fund owned 136,588 shares of the company’s stock after selling 74,891 shares during the period. Nationwide Fund Advisors owned approximately 0.28% of Diodes worth $2,566,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in DIOD. Capstone Asset Management Co. raised its position in shares of Diodes by 1.8% in the second quarter. Capstone Asset Management Co. now owns 11,106 shares of the company’s stock worth $209,000 after buying an additional 200 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Diodes by 91.2% in the second quarter. BNP Paribas Arbitrage SA now owns 13,354 shares of the company’s stock worth $251,000 after buying an additional 6,371 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its position in shares of Diodes by 19.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,900 shares of the company’s stock worth $340,000 after buying an additional 2,800 shares during the last quarter. Alpha Windward LLC acquired a new position in shares of Diodes during the second quarter worth about $425,000. Finally, TD Asset Management Inc. raised its position in shares of Diodes by 45.5% in the second quarter. TD Asset Management Inc. now owns 24,300 shares of the company’s stock worth $457,000 after buying an additional 7,600 shares during the last quarter. 76.09% of the stock is currently owned by institutional investors.
Shares of Diodes Inc. (NASDAQ:DIOD) traded up 0.687% during midday trading on Monday, hitting $21.265. The stock had a trading volume of 15,908 shares. The firm has a 50-day moving average of $20.63 and a 200 day moving average of $19.33. Diodes Inc. has a 12-month low of $16.58 and a 12-month high of $25.20. The firm has a market cap of $1.04 billion, a PE ratio of 494.535 and a beta of 1.42.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. The business had revenue of $236.60 million for the quarter, compared to analyst estimates of $234.92 million. Diodes had a return on equity of 3.39% and a net margin of 0.86%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. On average, analysts expect that Diodes Inc. will post $0.88 earnings per share for the current year.
Separately, Zacks Investment Research lowered 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 stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $20.61, for a total transaction of $103,050.00. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.70% of the company’s stock.
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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