JPMorgan Chase & Co. grew its holdings in Diodes Incorporated (NASDAQ:DIOD) by 44.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,121 shares of the semiconductor company’s stock after acquiring an additional 9,012 shares during the quarter. JPMorgan Chase & Co.’s holdings in Diodes were worth $860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Diodes in the third quarter worth about $167,000. Crossmark Global Holdings Inc. purchased a new position in shares of Diodes in the third quarter worth about $206,000. Virtu KCG Holdings LLC raised its stake in shares of Diodes by 8.0% in the second quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 815 shares during the last quarter. Petrus Trust Company LTA purchased a new position in shares of Diodes in the second quarter worth about $291,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Diodes by 50.3% in the second quarter. BNP Paribas Arbitrage SA now owns 14,429 shares of the semiconductor company’s stock worth $347,000 after purchasing an additional 4,826 shares during the last quarter. 74.70% of the stock is owned by institutional investors and hedge funds.

Diodes Incorporated (DIOD) opened at $29.92 on Friday. Diodes Incorporated has a 12 month low of $22.06 and a 12 month high of $35.36. The stock has a market capitalization of $1,477.75, a PE ratio of 27.20 and a beta of 1.17. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34.

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

Several brokerages have recently issued reports on DIOD. BidaskClub cut Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Benchmark cut Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $37.00 price objective on shares of Diodes in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Diodes currently has a consensus rating of “Hold” and an average target price of $37.00.

In related news, VP Clemente Beltran sold 4,993 shares of Diodes stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $35.00, for a total transaction of $174,755.00. Following the completion of the transaction, the vice president now directly owns 31,256 shares in the company, valued at $1,093,960. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Semiconductor Corp Lite-On sold 1,379 shares of Diodes stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $32.00, for a total value of $44,128.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,071 shares of company stock valued at $4,429,570. 7.00% of the stock is owned by company insiders.

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Diodes Company Profile

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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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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