Icon Advisers Inc. Co. Takes Position in Diodes Incorporated (DIOD)

Icon Advisers Inc. Co. bought a new position in Diodes Incorporated (NASDAQ:DIOD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 51,713 shares of the semiconductor company’s stock, valued at approximately $1,483,000. Icon Advisers Inc. Co. owned about 0.10% of Diodes as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Diodes in the third quarter worth $167,000. Crossmark Global Holdings Inc. bought a new position in Diodes during the third quarter worth $206,000. Piedmont Investment Advisors LLC bought a new position in Diodes during the third quarter worth $250,000. Virtu KCG Holdings LLC boosted its stake in Diodes by 8.0% during the second quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 815 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Diodes during the fourth quarter worth $390,000. 73.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Diodes Incorporated (NASDAQ:DIOD) traded down $0.55 during trading hours on Friday, reaching $28.98. 168,894 shares of the company’s stock were exchanged, compared to its average volume of 364,985. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.68 and a quick ratio of 1.80. Diodes Incorporated has a 12-month low of $22.06 and a 12-month high of $35.36. The company has a market capitalization of $1,423.79, a price-to-earnings ratio of -579.48 and a beta of 1.05.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Diodes had a negative net margin of 0.17% and a positive return on equity of 7.94%. The company had revenue of $268.43 million during the quarter, compared to analyst estimates of $270.62 million. During the same period last year, the business earned $0.15 earnings per share. Diodes’s revenue was up 15.7% compared to the same quarter last year. sell-side analysts expect that Diodes Incorporated will post 1.95 EPS for the current year.

In other Diodes news, major shareholder Semiconductor Corp Lite-On sold 28,734 shares of Diodes stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $31.35, for a total transaction of $900,810.90. Following the transaction, the insider now directly owns 7,791,759 shares of the company’s stock, valued at $244,271,644.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark A. King sold 14,396 shares of Diodes stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $31.29, for a total transaction of $450,450.84. Following the completion of the transaction, the senior vice president now directly owns 94,719 shares in the company, valued at $2,963,757.51. The disclosure for this sale can be found here. Insiders sold 94,530 shares of company stock worth $2,952,013 over the last ninety days. 7.00% of the stock is currently owned by insiders.

Several research analysts have weighed in on DIOD shares. Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, December 18th. Benchmark upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Thursday, February 8th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Thursday, December 14th. They noted that the move was a valuation call. Finally, TheStreet downgraded shares of Diodes from a “b” rating to a “c” rating in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $34.50.

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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.

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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