American International Group Inc. Has $1 Million Position in Diodes Incorporated (NASDAQ:DIOD)

American International Group Inc. lessened its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,125 shares of the semiconductor company’s stock after selling 355 shares during the quarter. American International Group Inc. owned approximately 0.06% of Diodes worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Diodes by 5.0% in the 4th quarter. BlackRock Inc. now owns 6,415,205 shares of the semiconductor company’s stock worth $206,956,000 after buying an additional 303,782 shares during the last quarter. Vanguard Group Inc boosted its stake in Diodes by 8.6% in the 3rd quarter. Vanguard Group Inc now owns 4,302,567 shares of the semiconductor company’s stock worth $143,232,000 after buying an additional 340,281 shares during the last quarter. Vanguard Group Inc. boosted its stake in Diodes by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,302,567 shares of the semiconductor company’s stock worth $143,232,000 after buying an additional 340,281 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Diodes by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,190,553 shares of the semiconductor company’s stock worth $135,187,000 after buying an additional 134,372 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Diodes by 216.7% in the 4th quarter. LSV Asset Management now owns 1,410,462 shares of the semiconductor company’s stock worth $45,501,000 after buying an additional 965,112 shares during the last quarter. Hedge funds and other institutional investors own 82.12% of the company’s stock.

Shares of NASDAQ:DIOD traded up $0.62 during mid-day trading on Wednesday, hitting $37.74. 254,882 shares of the company traded hands, compared to its average volume of 385,822. The company has a market cap of $1.88 billion, a P/E ratio of 15.86 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.04 and a current ratio of 2.89. Diodes Incorporated has a 52-week low of $27.38 and a 52-week high of $44.27.

Diodes (NASDAQ:DIOD) last announced its earnings results on Wednesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. The business had revenue of $314.40 million for the quarter, compared to the consensus estimate of $313.21 million. Diodes had a return on equity of 12.89% and a net margin of 8.57%. The company’s revenue was up 17.1% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. Analysts predict that Diodes Incorporated will post 2.5 earnings per share for the current year.

In other Diodes news, CEO Keh Shew Lu sold 42,804 shares of Diodes stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $35.37, for a total transaction of $1,513,977.48. Following the sale, the chief executive officer now directly owns 601,566 shares in the company, valued at approximately $21,277,389.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C H. Chen sold 15,000 shares of Diodes stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $36.03, for a total value of $540,450.00. Following the sale, the director now owns 429,679 shares in the company, valued at $15,481,334.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 223,400 shares of company stock worth $8,492,676. Company insiders own 5.30% of the company’s stock.

DIOD has been the topic of several research analyst reports. ValuEngine lowered Diodes from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Robert W. Baird lowered Diodes from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. BidaskClub raised Diodes from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Zacks Investment Research lowered Diodes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, Longbow Research lowered Diodes from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $40.33.

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Diodes Profile

Diodes, Inc manufactures and supplies semiconductor products. Its products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors, power management devices, including LED drivers, AC-DC and DC-DC switching, linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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