Public Employees Retirement System of Ohio increased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 230.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,850 shares of the semiconductor company’s stock after purchasing an additional 20,117 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Diodes worth $863,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Diodes by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,475,574 shares of the semiconductor company’s stock worth $104,023,000 after acquiring an additional 227,672 shares during the period. State Street Corp lifted its stake in shares of Diodes by 4.8% in the 2nd quarter. State Street Corp now owns 1,022,899 shares of the semiconductor company’s stock worth $24,572,000 after acquiring an additional 46,506 shares during the period. Northern Trust Corp lifted its stake in shares of Diodes by 2.9% in the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock worth $18,679,000 after acquiring an additional 21,697 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Diodes by 0.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 491,608 shares of the semiconductor company’s stock worth $14,714,000 after acquiring an additional 3,999 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Diodes by 552.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 398,514 shares of the semiconductor company’s stock worth $11,927,000 after acquiring an additional 337,471 shares during the period. Hedge funds and other institutional investors own 74.70% of the company’s stock.
Diodes Incorporated (NASDAQ DIOD) opened at $29.97 on Friday. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,470.00, a PE ratio of 49.95 and a beta of 1.17. Diodes Incorporated has a twelve month low of $22.06 and a twelve month high of $35.36.
In other news, VP Shiao Kwang Edmund Tang sold 16,722 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $31.00, for a total value of $518,382.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Semiconductor Corp Lite-On sold 1,379 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $32.00, for a total transaction of $44,128.00. The disclosure for this sale can be found here. Insiders sold a total of 258,276 shares of company stock valued at $8,112,422 in the last quarter. Insiders own 7.00% of the company’s stock.
Several research firms have recently commented on DIOD. Benchmark cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Robert W. Baird restated a “buy” rating and issued a $37.00 target price on shares of Diodes in a research note on Tuesday, October 17th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a research note on Tuesday, October 17th. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.00.
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Diodes Incorporated is a 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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