Diodes Incorporated (NASDAQ:DIOD) Shares Sold by New York State Common Retirement Fund

Share on StockTwits

New York State Common Retirement Fund lessened its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 4.6% during the first quarter, HoldingsChannel.com reports. The fund owned 57,370 shares of the semiconductor company’s stock after selling 2,793 shares during the period. New York State Common Retirement Fund’s holdings in Diodes were worth $1,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in Diodes by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 331,871 shares of the semiconductor company’s stock worth $10,706,000 after buying an additional 1,928 shares in the last quarter. Stevens Capital Management LP bought a new stake in Diodes during the first quarter worth approximately $207,000. Arizona State Retirement System boosted its holdings in Diodes by 6.4% during the fourth quarter. Arizona State Retirement System now owns 61,098 shares of the semiconductor company’s stock worth $1,971,000 after buying an additional 3,697 shares in the last quarter. Norges Bank bought a new stake in Diodes during the fourth quarter worth approximately $35,112,000. Finally, Rhumbline Advisers boosted its holdings in Diodes by 2.3% during the first quarter. Rhumbline Advisers now owns 119,826 shares of the semiconductor company’s stock worth $4,158,000 after buying an additional 2,733 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

In related news, VP Francis Tang sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $31.73, for a total value of $190,380.00. Following the completion of the transaction, the vice president now owns 86,217 shares of the company’s stock, valued at approximately $2,735,665.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Dallas White sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $31.73, for a total transaction of $412,490.00. Following the completion of the transaction, the insider now directly owns 79,806 shares of the company’s stock, valued at approximately $2,532,244.38. The disclosure for this sale can be found here. Company insiders own 5.30% of the company’s stock.

Diodes stock opened at $33.78 on Friday. Diodes Incorporated has a 52 week low of $27.38 and a 52 week high of $44.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.05 and a quick ratio of 2.20. The company has a market capitalization of $1.69 billion, a P/E ratio of 12.87 and a beta of 1.16.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. Diodes had a net margin of 9.44% and a return on equity of 13.69%. The firm had revenue of $302.29 million during the quarter, compared to analyst estimates of $301.60 million. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue was up 10.1% on a year-over-year basis. Equities analysts forecast that Diodes Incorporated will post 2.8 EPS for the current year.

A number of analysts recently weighed in on the stock. BidaskClub cut shares of Diodes from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Longbow Research cut shares of Diodes from a “buy” rating to a “neutral” rating in a report on Wednesday, April 17th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a report on Friday, May 10th. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Robert W. Baird cut shares of Diodes from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $42.50.

COPYRIGHT VIOLATION NOTICE: “Diodes Incorporated (NASDAQ:DIOD) Shares Sold by New York State Common Retirement Fund” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4371264/diodes-incorporated-nasdaqdiod-shares-sold-by-new-york-state-common-retirement-fund.html.

Diodes Profile

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

See Also: Momentum Investing

Want to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated (NASDAQ:DIOD).

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Alliance Data Systems Co.  Receives Average Rating of “Hold” from Brokerages
Alliance Data Systems Co. Receives Average Rating of “Hold” from Brokerages
Host Hotels and Resorts Inc  Receives Consensus Recommendation of “Buy” from Analysts
Host Hotels and Resorts Inc Receives Consensus Recommendation of “Buy” from Analysts
Weir Group PLC  Given Consensus Rating of “Buy” by Analysts
Weir Group PLC Given Consensus Rating of “Buy” by Analysts
ViaSat, Inc.  Receives $96.99 Average Target Price from Analysts
ViaSat, Inc. Receives $96.99 Average Target Price from Analysts
Carrefour SA  Given Consensus Rating of “Hold” by Brokerages
Carrefour SA Given Consensus Rating of “Hold” by Brokerages
RTL Group S.A.  Receives €53.23 Consensus Target Price from Analysts
RTL Group S.A. Receives €53.23 Consensus Target Price from Analysts


© 2006-2019 Ticker Report