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Bank of America Corp DE Increases Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Defense World ·  {{timeTz}}

Bank of America Corp DE increased its holdings in Diodes Incorporated (NASDAQ:DIOD – Get Rating) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,591,538 shares of the semiconductor company's stock after acquiring an additional 80,081 shares during the quarter. Bank of America Corp DE owned about 3.52% of Diodes worth $138,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIOD. Signaturefd LLC lifted its stake in Diodes by 157.7% in the first quarter. Signaturefd LLC now owns 286 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 175 shares during the period. CWM LLC lifted its position in Diodes by 310.6% during the first quarter. CWM LLC now owns 349 shares of the semiconductor company's stock valued at $30,000 after buying an additional 264 shares during the period. Quadrant Capital Group LLC lifted its position in Diodes by 305.7% during the first quarter. Quadrant Capital Group LLC now owns 426 shares of the semiconductor company's stock valued at $37,000 after buying an additional 321 shares during the period. Archer Investment Corp purchased a new position in Diodes during the first quarter valued at $50,000. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Diodes during the first quarter valued at $71,000. Hedge funds and other institutional investors own 95.57% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on DIOD shares. Wells Fargo & Company lowered their price objective on Diodes from $85.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, July 11th. Cowen raised their price objective on Diodes to $95.00 in a research report on Tuesday, August 9th. Finally, StockNews.com downgraded Diodes from a "buy" rating to a "hold" rating in a report on Wednesday.

Insider Buying and Selling

In related news, CEO Keh Shew Lu sold 3,000 shares of Diodes stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $83.11, for a total value of $249,330.00. Following the completion of the sale, the chief executive officer now directly owns 75,183 shares in the company, valued at approximately $6,248,459.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Keh Shew Lu sold 3,000 shares of Diodes stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $83.11, for a total value of $249,330.00. Following the completion of the sale, the chief executive officer now directly owns 75,183 shares in the company, valued at approximately $6,248,459.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brett R. Whitmire sold 600 shares of the business's stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total value of $36,000.00. Following the sale, the chief financial officer now owns 27,125 shares of the company's stock, valued at $1,627,500. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $64.55 on Friday. Diodes Incorporated has a 1-year low of $58.52 and a 1-year high of $113.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.43 and a quick ratio of 1.69. The business has a fifty day moving average price of $74.71 and a 200-day moving average price of $74.86. The company has a market capitalization of $2.94 billion, a PE ratio of 10.30 and a beta of 1.32.

Diodes (NASDAQ:DIOD – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The semiconductor company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.15. Diodes had a return on equity of 23.24% and a net margin of 14.82%. The firm had revenue of $500.97 million during the quarter, compared to the consensus estimate of $501.47 million. During the same period last year, the company earned $1.20 earnings per share. The company's revenue was up 13.7% on a year-over-year basis. As a group, equities analysts expect that Diodes Incorporated will post 7.15 EPS for the current fiscal year.

Diodes Company Profile

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Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

Further Reading

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