Robeco Institutional Asset Management B.V. Trims Holdings in Diodes Incorporated (DIOD)

Robeco Institutional Asset Management B.V. lowered its position in Diodes Incorporated (NASDAQ:DIOD) by 30.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,740 shares of the semiconductor company’s stock after selling 4,665 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Diodes were worth $373,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Diodes by 5.0% during 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 period. Vanguard Group Inc. lifted its position in shares of Diodes by 8.6% during 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 period. Dimensional Fund Advisors LP lifted its position in shares of Diodes by 3.3% during 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 period. LSV Asset Management lifted its position in shares of Diodes by 216.7% during 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 period. Finally, Norges Bank bought a new position in shares of Diodes during the 4th quarter worth approximately $35,112,000. Institutional investors own 82.48% of the company’s stock.

Diodes stock opened at $33.38 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 3.05 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.72 billion, a P/E ratio of 14.03 and a beta of 1.08. Diodes Incorporated has a one year low of $27.38 and a one year high of $44.27.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.09. Diodes had a return on equity of 13.69% and a net margin of 9.44%. The firm had revenue of $302.29 million during the quarter, compared to the consensus estimate of $301.60 million. During the same quarter in the previous year, the company posted $0.48 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Diodes Incorporated will post 2.8 EPS for the current fiscal year.

In other Diodes news, CFO Richard Dallas White sold 4,965 shares of Diodes stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $40.89, for a total value of $203,018.85. Following the completion of the transaction, the chief financial officer now owns 92,806 shares in the company, valued at approximately $3,794,837.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Emily Yang sold 2,542 shares of Diodes stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $41.25, for a total value of $104,857.50. Following the completion of the transaction, the vice president now owns 37,885 shares of the company’s stock, valued at approximately $1,562,756.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,859 shares of company stock valued at $662,093. Corporate insiders own 5.30% of the company’s stock.

Several equities analysts recently commented on DIOD shares. ValuEngine upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Robert W. Baird downgraded Diodes from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research report on Friday, May 10th. Finally, Longbow Research downgraded Diodes from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.00.

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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-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.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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