Metropolitan Life Insurance Co. NY lessened its holdings in Diodes Incorporated (NASDAQ:DIOD) by 51.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,632 shares of the semiconductor company’s stock after selling 13,537 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Diodes were worth $362,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Delpha Capital Management LLC purchased a new stake in shares of Diodes during the fourth quarter worth $143,000. SG Americas Securities LLC purchased a new stake in shares of Diodes during the third quarter worth $167,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Diodes during the fourth quarter worth $166,000. Ellington Management Group LLC purchased a new stake in shares of Diodes during the fourth quarter worth $235,000. Finally, Capital One National Association purchased a new stake in shares of Diodes during the fourth quarter worth $354,000. 79.99% of the stock is owned by institutional investors and hedge funds.
NASDAQ DIOD opened at $31.28 on Wednesday. Diodes Incorporated has a fifty-two week low of $22.44 and a fifty-two week high of $35.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.80 and a current ratio of 2.68. The stock has a market cap of $1,524.70, a price-to-earnings ratio of 22.83 and a beta of 0.90.
DIOD has been the subject of several recent research reports. BidaskClub lowered Diodes from a “strong-buy” rating to a “buy” rating in a report on Monday, April 2nd. Benchmark upgraded 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. ValuEngine upgraded Diodes from a “hold” rating to a “buy” rating in a report on Thursday, March 15th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday, February 9th. Finally, TheStreet lowered Diodes from a “b” rating to a “c” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.50.
In other Diodes news, VP Julie Holland sold 2,829 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $29.22, for a total transaction of $82,663.38. Following the transaction, the vice president now directly owns 68,778 shares in the company, valued at $2,009,693.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Keh Shew Lu sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $33.00, for a total value of $396,000.00. Following the transaction, the chief executive officer now owns 644,207 shares in the company, valued at $21,258,831. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,829 shares of company stock worth $672,463. Corporate insiders own 6.70% of the company’s stock.
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Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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