California State Teachers Retirement System lowered its stake in Diodes Incorporated (NASDAQ:DIOD) by 9.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 60,983 shares of the semiconductor company’s stock after selling 6,700 shares during the quarter. California State Teachers Retirement System’s holdings in Diodes were worth $1,825,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Diodes in the 3rd quarter worth $167,000. Crossmark Global Holdings Inc. purchased a new stake in Diodes in the 3rd quarter worth $206,000. Virtu KCG Holdings LLC lifted its stake in Diodes by 8.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 815 shares in the last quarter. Petrus Trust Company LTA purchased a new stake in Diodes in the 2nd quarter worth $291,000. Finally, Laurion Capital Management LP purchased a new stake in Diodes in the 2nd quarter worth $379,000. Institutional investors and hedge funds own 74.70% of the company’s stock.

In other news, SVP Mark A. King sold 10,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $31.79, for a total value of $317,900.00. Following the sale, the senior vice president now directly owns 69,888 shares in the company, valued at approximately $2,221,739.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Semiconductor Corp Lite-On sold 28,734 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $31.35, for a total transaction of $900,810.90. Following the completion of the sale, the insider now owns 7,791,759 shares in the company, valued at $244,271,644.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,071 shares of company stock worth $4,429,570. Insiders own 7.00% of the company’s stock.

Shares of Diodes Incorporated (NASDAQ DIOD) opened at $30.05 on Friday. Diodes Incorporated has a fifty-two week low of $22.06 and a fifty-two week high of $35.36. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1,470.00, a PE ratio of 50.08 and a beta of 1.17.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The firm had revenue of $285.20 million for the quarter, compared to the consensus estimate of $281.66 million. During the same period in the previous year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. research analysts anticipate that Diodes Incorporated will post 1.35 earnings per share for the current year.

Several analysts have commented on DIOD shares. Zacks Investment Research cut shares of Diodes from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. Sidoti started coverage on shares of Diodes in a research note on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price target on the stock. Benchmark cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $37.00.

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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.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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