Bowling Portfolio Management LLC Has $1.91 Million Stake in Diodes Incorporated (DIOD)

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Bowling Portfolio Management LLC lessened its position in Diodes Incorporated (NASDAQ:DIOD) by 14.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,336 shares of the semiconductor company’s stock after selling 9,800 shares during the period. Bowling Portfolio Management LLC owned about 0.11% of Diodes worth $1,909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Amalgamated Bank bought a new stake in shares of Diodes during the 2nd quarter worth about $205,000. Profund Advisors LLC bought a new stake in shares of Diodes during the 1st quarter worth about $207,000. Fox Run Management L.L.C. bought a new stake in shares of Diodes during the 2nd quarter worth about $208,000. Xact Kapitalforvaltning AB bought a new stake in shares of Diodes during the 1st quarter worth about $247,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in shares of Diodes by 31.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock worth $249,000 after buying an additional 1,708 shares during the period. 75.85% of the stock is owned by institutional investors.

Several brokerages recently commented on DIOD. BidaskClub downgraded shares of Diodes from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Finally, Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $38.00.

NASDAQ DIOD opened at $29.32 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.60 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.40 and a beta of 0.98. Diodes Incorporated has a 12-month low of $26.09 and a 12-month high of $39.31.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $304.09 million during the quarter, compared to the consensus estimate of $300.00 million. Diodes had a net margin of 2.42% and a return on equity of 10.86%. On average, research analysts forecast that Diodes Incorporated will post 2.17 EPS for the current fiscal year.

In other news, VP Evan Yu sold 8,983 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $37.66, for a total value of $338,299.78. Following the completion of the transaction, the vice president now directly owns 36,170 shares in the company, valued at approximately $1,362,162.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Keh Shew Lu sold 48,248 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $38.32, for a total transaction of $1,848,863.36. Following the completion of the transaction, the chief executive officer now owns 620,304 shares of the company’s stock, valued at $23,770,049.28. The disclosure for this sale can be found here. Insiders sold a total of 92,843 shares of company stock valued at $3,544,488 in the last three months. Insiders own 6.70% of the company’s stock.

Diodes Profile

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. 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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