First Quadrant L P CA Sells 5,503 Shares of Diodes Incorporated (DIOD)

First Quadrant L P CA cut its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,768 shares of the semiconductor company’s stock after selling 5,503 shares during the period. First Quadrant L P CA’s holdings in Diodes were worth $509,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DIOD. Meeder Asset Management Inc. acquired a new position in shares of Diodes during the 3rd quarter worth about $189,000. Verition Fund Management LLC acquired a new position in shares of Diodes during the 2nd quarter worth about $259,000. Stevens Capital Management LP acquired a new position in shares of Diodes during the 3rd quarter worth about $279,000. Jefferies Group LLC acquired a new position in shares of Diodes during the 3rd quarter worth about $348,000. Finally, State of Alaska Department of Revenue grew its stake in Diodes by 4.1% in the 4th quarter. State of Alaska Department of Revenue now owns 13,267 shares of the semiconductor company’s stock valued at $427,000 after buying an additional 525 shares during the last quarter. Institutional investors own 78.70% of the company’s stock.

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A number of research analysts recently commented on the stock. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Robert W. Baird reiterated a “buy” rating on shares of Diodes in a research note on Friday, January 11th. Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, ValuEngine upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.33.

In other news, CEO Keh Shew Lu sold 42,804 shares of the stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $35.37, for a total transaction of $1,513,977.48. Following the completion of the sale, the chief executive officer now directly owns 601,566 shares in the company, valued at $21,277,389.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director C H. Chen sold 5,000 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $35.26, for a total transaction of $176,300.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,549 shares of company stock valued at $4,511,230. 6.70% of the stock is currently owned by insiders.

Shares of DIOD opened at $35.08 on Monday. The company has a current ratio of 2.47, a quick ratio of 1.64 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.76 billion, a P/E ratio of 25.61 and a beta of 1.04. Diodes Incorporated has a 52 week low of $27.38 and a 52 week high of $39.31.

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About Diodes

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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