Texas Permanent School Fund cut its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,627 shares of the semiconductor company’s stock after selling 549 shares during the period. Texas Permanent School Fund owned about 0.06% of Diodes worth $664,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in Diodes during the fourth quarter worth $716,000. Comerica Bank boosted its position in shares of Diodes by 5.7% in the fourth quarter. Comerica Bank now owns 41,071 shares of the semiconductor company’s stock valued at $1,072,000 after buying an additional 2,211 shares in the last quarter. State Street Corp boosted its position in shares of Diodes by 10.8% in the fourth quarter. State Street Corp now owns 889,233 shares of the semiconductor company’s stock valued at $22,827,000 after buying an additional 86,685 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Diodes by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,767,087 shares of the semiconductor company’s stock valued at $71,033,000 after buying an additional 217,612 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Diodes by 4.4% in the fourth quarter. Renaissance Technologies LLC now owns 198,827 shares of the semiconductor company’s stock valued at $5,104,000 after buying an additional 8,400 shares in the last quarter. Hedge funds and other institutional investors own 75.51% of the company’s stock.

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

Diodes Incorporated (NASDAQ:DIOD) opened at 25.13 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 66.84 and a beta of 1.14. Diodes Incorporated has a one year low of $16.92 and a one year high of $27.50. The company’s 50-day moving average price is $25.29 and its 200 day moving average price is $24.88.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.09. Diodes had a return on equity of 4.72% and a net margin of 1.98%. The company had revenue of $236.30 million during the quarter, compared to the consensus estimate of $231.03 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts forecast that Diodes Incorporated will post $1.16 earnings per share for the current year.

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Several brokerages recently issued reports on DIOD. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, May 12th. Robert W. Baird reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Diodes in a report on Friday, June 9th.

In other news, CEO Keh Shew Lu sold 65,113 shares of the stock in a transaction on Friday, May 26th. The stock was sold at an average price of $26.26, for a total transaction of $1,709,867.38. Following the completion of the sale, the chief executive officer now owns 1,134,291 shares in the company, valued at approximately $29,786,481.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Francis Tang sold 2,200 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $26.66, for a total value of $58,652.00. Following the sale, the vice president now owns 69,943 shares of the company’s stock, valued at approximately $1,864,680.38. The disclosure for this sale can be found here. Insiders have sold a total of 294,005 shares of company stock valued at $7,702,554 in the last quarter. Insiders own 6.70% of the company’s stock.

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.

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