Diodes Incorporated (DIOD) Stake Lowered by Barrow Hanley Mewhinney & Strauss LLC
Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,590,627 shares of the semiconductor company’s stock after selling 102,185 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 5.25% of Diodes worth $74,273,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of DIOD. BlackRock Inc. lifted its holdings in shares of Diodes by 4.2% during the 4th quarter. BlackRock Inc. now owns 5,080,603 shares of the semiconductor company’s stock worth $145,660,000 after acquiring an additional 204,420 shares during the period. Bank of New York Mellon Corp lifted its holdings in Diodes by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 486,751 shares of the semiconductor company’s stock valued at $13,956,000 after purchasing an additional 17,068 shares during the last quarter. Rhumbline Advisers increased its position in Diodes by 15.2% in the 4th quarter. Rhumbline Advisers now owns 90,788 shares of the semiconductor company’s stock valued at $2,603,000 after acquiring an additional 11,967 shares in the last quarter. Arizona State Retirement System increased its position in Diodes by 225.8% in the 4th quarter. Arizona State Retirement System now owns 64,750 shares of the semiconductor company’s stock valued at $1,856,000 after acquiring an additional 44,875 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its position in Diodes by 39.4% in the 4th quarter. Pinebridge Investments L.P. now owns 76,198 shares of the semiconductor company’s stock valued at $2,185,000 after acquiring an additional 21,543 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.
Several equities research analysts have recently commented on the stock. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 18th. TheStreet lowered shares of Diodes from a “b” rating to a “c” rating in a research report on Thursday, February 8th. Finally, Sidoti raised shares of Diodes from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Thursday, December 14th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $34.50.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $268.43 million during the quarter, compared to analysts’ expectations of $270.62 million. Diodes had a negative net margin of 0.17% and a positive return on equity of 7.94%. Diodes’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. equities research analysts anticipate that Diodes Incorporated will post 1.95 earnings per share for the current fiscal year.
In related news, VP Julie Holland sold 2,829 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $29.22, for a total value of $82,663.38. Following the completion of the transaction, the vice president now owns 68,778 shares in the company, valued at approximately $2,009,693.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.
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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