Diodes Incorporated (DIOD) Holdings Cut by Barrow Hanley Mewhinney & Strauss LLC
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.
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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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.
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