Thrivent Financial For Lutherans Raises Position in Diodes Incorporated (DIOD)

Thrivent Financial For Lutherans boosted its stake in Diodes Incorporated (NASDAQ:DIOD) by 6.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 21,810 shares of the semiconductor company’s stock after buying an additional 1,370 shares during the period. Thrivent Financial For Lutherans’ holdings in Diodes were worth $525,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DIOD. Norges Bank purchased a new stake in shares of Diodes during the fourth quarter valued at about $27,794,000. Legato Capital Management LLC boosted its stake in shares of Diodes by 2,305.0% in the first quarter. Legato Capital Management LLC now owns 110,125 shares of the semiconductor company’s stock valued at $4,579,000 after buying an additional 105,546 shares during the period. State Street Corp boosted its stake 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 during the period. TFS Capital LLC purchased a new stake in shares of Diodes during the first quarter valued at about $1,199,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Diodes by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 491,649 shares of the semiconductor company’s stock valued at $11,825,000 after buying an additional 47,034 shares during the period. 75.25% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Incorporated (NASDAQ DIOD) opened at 26.18 on Monday. The firm’s 50 day moving average price is $25.46 and its 200 day moving average price is $24.86. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 69.63 and a beta of 1.22. Diodes Incorporated has a 12 month low of $18.08 and a 12 month high of $27.50.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. The business had revenue of $236.30 million during the quarter, compared to the consensus estimate of $231.03 million. Diodes had a net margin of 1.98% and a return on equity of 4.72%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. On average, equities research analysts predict that Diodes Incorporated will post $1.17 EPS for the current fiscal year.

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Several equities research analysts have recently issued reports on DIOD shares. 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 report on Friday, May 12th. BidaskClub cut Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. Finally, Robert W. Baird reissued an “outperform” rating and set a $30.00 price objective on shares of Diodes in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.50.

In other news, VP Francis Tang sold 6,639 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $26.50, for a total transaction of $175,933.50. Following the completion of the sale, the vice president now owns 76,577 shares in the company, valued at approximately $2,029,290.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Dallas White sold 9,855 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $26.25, for a total transaction of $258,693.75. Following the sale, the chief financial officer now owns 121,916 shares of the company’s stock, valued at approximately $3,200,295. The disclosure for this sale can be found here. Insiders have sold a total of 306,069 shares of company stock valued at $7,989,798 in the last 90 days. 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.