2 weeks Ago By ABMN Staff
Mercer Global Advisors Inc. ADV lowered its position in shares of Diodes Incorporated ( NASDAQ:DIOD – Free Report ) by 5.3% in the second quarter, according to its most recent 13F filing with the SEC.
The firm owned 5,734 shares of the semiconductor company’s stock after selling 321 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Diodes were worth $412,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Diodes by 8.0% in the 2nd quarter.
Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after purchasing an additional 141,610 shares in the last quarter. Oak Associates Ltd. OH grew its stake in shares of Diodes by 0.
5% in the second quarter. Oak Associates Ltd. OH now owns 54,757 shares of the semiconductor company’s stock worth $3,939,000 after purchasing an additional 284 shares in the last quarter.
Oppenheimer Asset Management Inc. grew its stake in shares of Diodes by 7.4% in the second quarter.
Oppenheimer Asset Management Inc. now owns 19,391 shares of the semiconductor company’s stock worth $1,395,000 after purchasing an additional 1,337 shares in the last quarter. Federated Hermes Inc.
grew its stake in shares of Diodes by 3.3% in the second quarter. Federated Hermes Inc.
now owns 15,514 shares of the semiconductor company’s stock worth $1,116,000 after purchasing an additional 502 shares in the last quarter. Finally, Choreo LLC bought a new position in Diodes during the second quarter valued at about $593,000. Hedge funds and other institutional investors own 99.
23% of the company’s stock. Insider Buying and Selling at Diodes In related news, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.
48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares in the company, valued at $4,216,113.
60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . In other news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction that occurred on Monday, August 19th.
The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50.
Following the completion of the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th.
The stock was sold at an average price of $70.48, for a total transaction of $70,480.00.
Following the sale, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. The disclosure for this sale can be found here .
Insiders have sold a total of 24,182 shares of company stock valued at $1,640,921 in the last three months. 2.30% of the stock is currently owned by company insiders.
Diodes Trading Up 2.1 % Diodes ( NASDAQ:DIOD – Get Free Report ) last posted its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.
33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03.
The company had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million.
Diodes had a return on equity of 5.76% and a net margin of 7.12%.
Diodes’s revenue for the quarter was down 31.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.
59 earnings per share. As a group, equities research analysts expect that Diodes Incorporated will post 1.55 EPS for the current year.
Analyst Upgrades and Downgrades Several equities research analysts have recently commented on the company. StockNews.com downgraded Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st.
Truist Financial cut their price target on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, August 9th.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.
20. View Our Latest Report on DIOD Diodes Company Profile ( Free Report ) Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.
Read More 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 – Free Report ). 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.
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