Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in Diodes Incorporated (NASDAQ:DIOD) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,692,812 shares of the semiconductor company’s stock after selling 99,653 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 5.45% of Diodes worth $80,596,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DIOD. SG Americas Securities LLC bought a new position in Diodes in the third quarter valued at about $167,000. Crossmark Global Holdings Inc. bought a new position in Diodes in the third quarter valued at about $206,000. Piedmont Investment Advisors LLC bought a new position in Diodes in the third quarter valued at about $250,000. Virtu KCG Holdings LLC grew its position in Diodes by 8.0% in the second quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 815 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in shares of Diodes during the second quarter worth about $265,000. Hedge funds and other institutional investors own 74.74% of the company’s stock.

In other news, VP Francis Tang sold 3,800 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $29.67, for a total transaction of $112,746.00. Following the transaction, the vice president now directly owns 66,072 shares of the company’s stock, valued at $1,960,356.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C H. Chen sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $29.25, for a total value of $877,500.00. Following the transaction, the director now directly owns 479,979 shares in the company, valued at $14,039,385.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 477,486 shares of company stock worth $14,707,920. Insiders own 7.00% of the company’s stock.

DIOD has been the topic of several research reports. Sidoti initiated coverage on Diodes in a report on Thursday, September 21st. They set a “neutral” rating and a $32.00 price target on the stock. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and set a $37.00 price target on shares of Diodes in a report on Tuesday, October 17th. Benchmark cut Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, ValuEngine lowered Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Diodes presently has an average rating of “Hold” and a consensus price target of $35.67.

Diodes Incorporated (NASDAQ DIOD) opened at $28.90 on Friday. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1,345.88, a P/E ratio of 24.77 and a beta of 1.15. Diodes Incorporated has a 12 month low of $22.06 and a 12 month high of $35.36.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $285.20 million for the quarter, compared to analyst estimates of $281.66 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. analysts predict that Diodes Incorporated will post 1.35 EPS for the current year.

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About Diodes

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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