Diodes Incorporated (DIOD) Position Lowered by Hussman Strategic Advisors Inc.

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Hussman Strategic Advisors Inc. cut its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 33.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the semiconductor company’s stock after selling 25,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Diodes were worth $1,664,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in shares of Diodes by 48.1% during the third quarter. Acadian Asset Management LLC now owns 91,452 shares of the semiconductor company’s stock valued at $3,045,000 after buying an additional 29,705 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Diodes during the third quarter valued at $1,492,000. James Investment Research Inc. boosted its position in shares of Diodes by 2.9% during the third quarter. James Investment Research Inc. now owns 67,340 shares of the semiconductor company’s stock valued at $2,242,000 after buying an additional 1,915 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Diodes by 100.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 43,490 shares of the semiconductor company’s stock valued at $1,474,000 after buying an additional 21,745 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Diodes by 36.3% during the third quarter. First Trust Advisors LP now owns 17,029 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 4,538 shares during the last quarter. 75.88% of the stock is currently owned by institutional investors.

In other news, CEO Keh Shew Lu sold 4,389 shares of Diodes stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $38.05, for a total transaction of $167,001.45. Following the transaction, the chief executive officer now directly owns 619,693 shares of the company’s stock, valued at approximately $23,579,318.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Kuo-Chih Tsai sold 2,575 shares of Diodes stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $37.13, for a total value of $95,609.75. Following the transaction, the director now directly owns 37,625 shares in the company, valued at $1,397,016.25. The disclosure for this sale can be found here. Insiders sold 88,147 shares of company stock worth $3,363,504 over the last three months. Insiders own 6.70% of the company’s stock.

Shares of NASDAQ:DIOD opened at $30.19 on Thursday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 22.04 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 2.60. Diodes Incorporated has a 52-week low of $26.09 and a 52-week high of $39.31.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $304.09 million for the quarter, compared to analysts’ expectations of $300.00 million. Diodes had a return on equity of 10.86% and a net margin of 2.42%. As a group, equities analysts anticipate that Diodes Incorporated will post 2.17 EPS for the current year.

Several research analysts have issued reports on DIOD shares. BidaskClub raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Sidoti raised Diodes from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 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 company. Diodes has an average rating of “Hold” and a consensus price target of $38.00.

About Diodes

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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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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