Todays Report: Today: Pzena Investment Management LLC Cuts Position in Diodes Inc. (DIOD)

Today: Pzena Investment Management LLC Cuts Position in Diodes Inc. (DIOD)

Pzena Investment Management LLC cut its position in shares of Diodes Inc. (NASDAQ:DIOD) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,583,658 shares of the company’s stock after selling 50,137 shares during the period. Pzena Investment Management LLC owned approximately 3.24% of Diodes worth $33,795,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DIOD. Capstone Asset Management Co. increased its stake in Diodes by 0.4% in the third quarter. Capstone Asset Management Co. now owns 11,146 shares of the company’s stock worth $238,000 after buying an additional 40 shares during the last quarter. Arizona State Retirement System increased its stake in Diodes by 1.5% in the second quarter. Arizona State Retirement System now owns 20,075 shares of the company’s stock worth $377,000 after buying an additional 300 shares during the last quarter. California State Teachers Retirement System increased its stake in Diodes by 0.6% in the second quarter. California State Teachers Retirement System now owns 79,879 shares of the company’s stock worth $1,501,000 after buying an additional 489 shares during the last quarter. Profund Advisors LLC increased its stake in Diodes by 6.6% in the second quarter. Profund Advisors LLC now owns 12,638 shares of the company’s stock worth $237,000 after buying an additional 780 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in Diodes by 5.4% in the second quarter. BlackRock Advisors LLC now owns 18,261 shares of the company’s stock worth $343,000 after buying an additional 938 shares during the last quarter. Institutional investors own 75.46% of the company’s stock.

Shares of Diodes Inc. (NASDAQ:DIOD) traded down 0.46% during mid-day trading on Monday, hitting $23.86. 34,478 shares of the stock were exchanged. The company has a 50-day moving average of $21.32 and a 200 day moving average of $19.87. The stock has a market cap of $1.17 billion, a PE ratio of 118.12 and a beta of 1.22. Diodes Inc. has a one year low of $16.58 and a one year high of $25.20.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $250.70 million for the quarter, compared to the consensus estimate of $250.75 million. Diodes had a net margin of 1.66% and a return on equity of 4.44%. The firm’s revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts predict that Diodes Inc. will post $0.87 earnings per share for the current year.

A number of research firms have commented on DIOD. Robert W. Baird reiterated an “outperform” rating and issued a $25.00 price objective on shares of Diodes in a report on Friday, November 11th. Zacks Investment Research downgraded shares of Diodes from a “hold” rating to a “sell” rating in a report on Thursday, November 10th.

In related news, Director John M. Stich sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $22.00, for a total transaction of $110,000.00. Following the sale, the director now owns 35,700 shares of the company’s stock, valued at $785,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.70% of the company’s stock.

Diodes Company Profile

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