SG Americas Securities LLC Purchases Shares of 13,990 Diodes Incorporated (DIOD)
SG Americas Securities LLC purchased a new stake in Diodes Incorporated (NASDAQ:DIOD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,990 shares of the semiconductor company’s stock, valued at approximately $482,000.
A number of other hedge funds also recently bought and sold shares of DIOD. Mackay Shields LLC acquired a new position in Diodes in the first quarter valued at about $204,000. Amalgamated Bank acquired a new position in Diodes in the second quarter valued at about $205,000. Profund Advisors LLC acquired a new position in Diodes in the first quarter valued at about $207,000. Fox Run Management L.L.C. bought a new position in Diodes in the second quarter valued at about $208,000. Finally, Xact Kapitalforvaltning AB bought a new position in Diodes in the first quarter valued at about $247,000. 75.59% of the stock is owned by institutional investors and hedge funds.
DIOD has been the topic of a number of recent analyst reports. BidaskClub upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, May 29th. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Sidoti cut Diodes from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Thursday, June 7th. Finally, Robert W. Baird lifted their target price on Diodes from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, June 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.00.
Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Diodes had a return on equity of 10.86% and a net margin of 2.42%. The firm had revenue of $304.09 million for the quarter, compared to analysts’ expectations of $300.00 million. equities analysts anticipate that Diodes Incorporated will post 2.17 earnings per share for the current fiscal year.
In other news, VP Evan Yu sold 8,983 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $37.66, for a total transaction of $338,299.78. Following the sale, the vice president now directly owns 36,170 shares in the company, valued at $1,362,162.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Francis Tang sold 6,560 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $38.90, for a total value of $255,184.00. Following the sale, the vice president now owns 88,597 shares in the company, valued at $3,446,423.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,551 shares of company stock worth $3,723,392. Company insiders own 6.70% of the company’s stock.
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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