We Are One Seven LLC Takes $588,000 Position in Diodes Incorporated (NASDAQ:DIOD)

We Are One Seven LLC acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,655 shares of the semiconductor company’s stock, valued at approximately $588,000.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Diodes by 133.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 31,731 shares of the semiconductor company’s stock worth $1,273,000 after purchasing an additional 18,120 shares in the last quarter. Hodges Capital Management Inc. bought a new position in shares of Diodes in the 2nd quarter valued at about $3,128,000. Royal Bank of Canada boosted its stake in shares of Diodes by 10.6% in the 2nd quarter. Royal Bank of Canada now owns 571,210 shares of the semiconductor company’s stock valued at $20,775,000 after purchasing an additional 54,727 shares during the last quarter. Hillcrest Asset Management LLC boosted its stake in shares of Diodes by 0.6% in the 2nd quarter. Hillcrest Asset Management LLC now owns 329,083 shares of the semiconductor company’s stock valued at $11,969,000 after purchasing an additional 1,964 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of Diodes in the 2nd quarter valued at about $29,027,000. Institutional investors own 80.62% of the company’s stock.

In related news, VP Emily Yang sold 1,731 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $40.71, for a total value of $70,469.01. Following the completion of the transaction, the vice president now directly owns 46,961 shares of the company’s stock, valued at $1,911,782.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Evan Yu sold 4,830 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $43.50, for a total transaction of $210,105.00. Following the completion of the transaction, the vice president now directly owns 44,026 shares of the company’s stock, valued at $1,915,131. The disclosure for this sale can be found here. Insiders sold 8,654 shares of company stock worth $360,108 over the last quarter. 5.30% of the stock is owned by corporate insiders.

Shares of NASDAQ DIOD traded up $1.14 during midday trading on Friday, reaching $41.18. The company’s stock had a trading volume of 4,869 shares, compared to its average volume of 344,744. The company has a current ratio of 2.75, a quick ratio of 1.94 and a debt-to-equity ratio of 0.14. Diodes Incorporated has a fifty-two week low of $27.38 and a fifty-two week high of $44.27. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 17.30 and a beta of 1.28. The stock has a 50 day simple moving average of $39.05 and a 200-day simple moving average of $37.04.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Monday, August 5th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Diodes had a net margin of 10.19% and a return on equity of 14.32%. The company had revenue of $322.00 million for the quarter, compared to the consensus estimate of $320.20 million. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts anticipate that Diodes Incorporated will post 2.85 EPS for the current year.

Several research analysts have recently issued reports on DIOD shares. BidaskClub raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Wells Fargo & Co initiated coverage on shares of Diodes in a report on Monday, August 19th. They set an “outperform” rating and a $55.00 target price on the stock. Zacks Investment Research downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Diodes presently has a consensus rating of “Hold” and a consensus target price of $49.00.

Diodes 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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