Renaissance Technologies LLC Has $710,000 Stake in Diodes Incorporated (DIOD)
Renaissance Technologies LLC reduced its position in Diodes Incorporated (NASDAQ:DIOD) by 85.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,527 shares of the semiconductor company’s stock after selling 169,300 shares during the period. Renaissance Technologies LLC owned 0.06% of Diodes worth $710,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Diodes by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock worth $101,000 after buying an additional 40 shares in the last quarter. Mason Street Advisors LLC boosted its position in Diodes by 5.7% in the first quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 481 shares during the period. Airain ltd acquired a new position in Diodes during the first quarter valued at $247,000. Stevens Capital Management LP acquired a new position in Diodes during the first quarter valued at $292,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Diodes by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,325 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 148 shares during the period. 73.94% of the stock is currently owned by hedge funds and other institutional investors.
Diodes Incorporated (NASDAQ:DIOD) traded up 1.23% during trading on Wednesday, reaching $27.20. The company’s stock had a trading volume of 83,862 shares. The firm has a market cap of $1.33 billion, a P/E ratio of 51.52 and a beta of 1.22. The stock’s 50 day moving average is $26.30 and its 200-day moving average is $25.05. Diodes Incorporated has a 52 week low of $19.53 and a 52 week high of $27.51.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The business had revenue of $264.20 million for the quarter, compared to the consensus estimate of $261.15 million. During the same period in the prior year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that Diodes Incorporated will post $1.28 earnings per share for the current fiscal year.
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DIOD has been the topic of several research analyst reports. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, May 12th. Robert W. Baird reaffirmed an “outperform” rating and set a $30.00 target price on shares of Diodes in a research note on Friday, June 9th. BidaskClub cut Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Diodes has a consensus rating of “Hold” and a consensus target price of $30.00.
In related news, CFO Richard Dallas White sold 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $23.81, for a total transaction of $65,477.50. Following the transaction, the chief financial officer now directly owns 93,621 shares of the company’s stock, valued at approximately $2,229,116.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Semiconductor Corp Lite-On sold 1,184 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $27.01, for a total value of $31,979.84. Following the transaction, the insider now directly owns 7,879,291 shares in the company, valued at $212,819,649.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 218,551 shares of company stock worth $5,824,302. 7.00% of the stock is owned by company insiders.
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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