67,136 Shares in Diodes Incorporated (DIOD) Acquired by Bowling Portfolio Management LLC

Bowling Portfolio Management LLC acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 67,136 shares of the semiconductor company’s stock, valued at approximately $2,314,000.

Other hedge funds also recently made changes to their positions in the company. Mackay Shields LLC acquired a new position in Diodes during the 1st quarter worth $204,000. Amalgamated Bank acquired a new position in Diodes during the 2nd quarter worth $205,000. Profund Advisors LLC acquired a new position in Diodes during the 1st quarter worth $207,000. Fox Run Management L.L.C. acquired a new position in Diodes during the 2nd quarter worth $208,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Diodes during the 1st quarter worth $247,000. 76.51% of the stock is owned by institutional investors.

A number of research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, August 4th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, May 29th. Finally, Robert W. Baird raised their price target on shares of Diodes from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 19th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Diodes presently has an average rating of “Buy” and a consensus price target of $38.00.

In related news, CEO Keh Shew Lu sold 6,000 shares of Diodes stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $33.95, for a total value of $203,700.00. Following the sale, the chief executive officer now directly owns 644,207 shares in the company, valued at approximately $21,870,827.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director C H. Chen sold 1,300 shares of Diodes stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $34.50, for a total transaction of $44,850.00. Following the completion of the sale, the director now owns 474,899 shares in the company, valued at $16,384,015.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,102 shares of company stock worth $2,690,314. 6.70% of the stock is currently owned by insiders.

Diodes stock opened at $37.73 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 2.60. Diodes Incorporated has a 1 year low of $26.09 and a 1 year high of $38.70. The stock has a market capitalization of $1.89 billion, a PE ratio of 19.56 and a beta of 1.01.

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

Diodes Company 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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