American Century Companies Inc. Has $7.07 Million Holdings in Diodes Incorporated (DIOD)
American Century Companies Inc. raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 210.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,225 shares of the semiconductor company’s stock after acquiring an additional 139,113 shares during the quarter. American Century Companies Inc. owned about 0.41% of Diodes worth $7,074,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its stake in Diodes by 17.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 392,728 shares of the semiconductor company’s stock valued at $13,538,000 after acquiring an additional 58,799 shares during the last quarter. LSV Asset Management lifted its stake in Diodes by 87.0% in the second quarter. LSV Asset Management now owns 106,800 shares of the semiconductor company’s stock valued at $3,681,000 after acquiring an additional 49,700 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Diodes in the second quarter valued at approximately $482,000. Bowling Portfolio Management LLC acquired a new stake in Diodes in the second quarter valued at approximately $2,314,000. Finally, Mackay Shields LLC lifted its stake in Diodes by 629.9% in the second quarter. Mackay Shields LLC now owns 48,900 shares of the semiconductor company’s stock valued at $1,686,000 after acquiring an additional 42,200 shares during the last quarter. Hedge funds and other institutional investors own 75.59% of the company’s stock.
DIOD has been the subject of a number of analyst reports. TheStreet upgraded shares of Diodes from a “c” rating to a “b” rating in a research note on Wednesday, May 9th. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Tuesday, June 19th. Finally, Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday, May 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $38.00.
Shares of Diodes stock opened at $37.92 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 2.60 and a debt-to-equity ratio of 0.18. Diodes Incorporated has a 1-year low of $26.09 and a 1-year high of $39.31. The firm has a market capitalization of $1.90 billion, a PE ratio of 27.68 and a beta of 0.95.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. Diodes had a net margin of 2.42% and a return on equity of 10.86%. The business had revenue of $304.09 million during the quarter, compared to analysts’ expectations of $300.00 million. analysts anticipate that Diodes Incorporated will post 2.17 EPS for the current year.
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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