Alberta Investment Management Corp Reduces Stake in Diodes Incorporated (NASDAQ:DIOD)

Alberta Investment Management Corp lowered its stake in Diodes Incorporated (NASDAQ:DIOD) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,900 shares of the semiconductor company’s stock after selling 8,500 shares during the period. Alberta Investment Management Corp owned approximately 0.12% of Diodes worth $2,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIOD. Private Capital Group LLC grew its position in Diodes by 115.7% in the first quarter. Private Capital Group LLC now owns 990 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 531 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Diodes in the fourth quarter worth about $68,000. Rockefeller Capital Management L.P. grew its position in Diodes by 24.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,405 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 275 shares in the last quarter. Squar Milner Financial Services LLC grew its position in Diodes by 19.0% in the first quarter. Squar Milner Financial Services LLC now owns 2,229 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 356 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in Diodes in the first quarter worth about $111,000. Institutional investors own 79.98% of the company’s stock.

Several research analysts have issued reports on DIOD shares. Benchmark started coverage on Diodes in a research report on Friday, May 15th. They set a “buy” rating and a $50.00 target price for the company. ValuEngine upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Saturday, February 15th. Cowen started coverage on Diodes in a research report on Thursday. They set an “outperform” rating and a $57.00 target price for the company. BidaskClub lowered Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Investment Research lowered Diodes from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Diodes has an average rating of “Buy” and an average target price of $53.60.

In related news, insider Richard Dallas White sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $52.50, for a total value of $525,000.00. Following the completion of the transaction, the insider now owns 79,841 shares of the company’s stock, valued at $4,191,652.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Francis Tang sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $52.63, for a total transaction of $631,560.00. Following the completion of the transaction, the vice president now directly owns 71,588 shares of the company’s stock, valued at approximately $3,767,676.44. The disclosure for this sale can be found here. Insiders have sold 45,411 shares of company stock valued at $2,336,943 in the last ninety days. Insiders own 4.60% of the company’s stock.

Diodes stock opened at $47.99 on Friday. The company has a 50 day moving average price of $46.25 and a 200-day moving average price of $47.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.14 and a current ratio of 3.02. Diodes Incorporated has a fifty-two week low of $30.51 and a fifty-two week high of $59.70. The company has a market capitalization of $2.39 billion, a PE ratio of 17.24 and a beta of 1.36.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Monday, May 11th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.02). Diodes had a net margin of 11.54% and a return on equity of 12.52%. The company had revenue of $280.70 million for the quarter, compared to the consensus estimate of $286.00 million. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue was down 7.1% on a year-over-year basis. On average, analysts forecast that Diodes Incorporated will post 2.05 earnings per share for the current year.

Diodes Profile

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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