Diodes Incorporated $DIOD Shares Sold by Calamos Advisors LLC

Key Points

• Calamos Advisors cut its Diodes stake by 60.3% in the third quarter, selling 12,172 shares and ending with 8,009 shares valued at about $775,000. Institutional investors collectively own 99.23% of the company.
• Diodes beat quarterly earnings and revenue expectations, reporting EPS of $1.18 versus a $1.05 consensus and revenue of $532.59 million. Revenue rose 35.8% year over year.
• Analyst sentiment is moderately positive: five analysts rate the stock Buy and two rate it Hold, with an average price target of $129.17.

Calamos Advisors LLC decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 60.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,009 shares of the semiconductor company's stock after selling 12,172 shares during the quarter. Calamos Advisors LLC's holdings in Diodes were worth $775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Diodes by 38.9% during the third quarter. Farther Finance Advisors LLC now owns 543 shares of the semiconductor company's stock worth $53,000 after buying an additional 152 shares during the period. Commonwealth Equity Services LLC grew its holdings in Diodes by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,378 shares of the semiconductor company's stock valued at $617,000 after buying an additional 177 shares during the period. Choreo LLC increased its stake in shares of Diodes by 2.6% during the 3rd quarter. Choreo LLC now owns 9,946 shares of the semiconductor company's stock valued at $963,000 after acquiring an additional 256 shares during the last quarter. Signaturefd LLC increased its stake in shares of Diodes by 8.7% during the 3rd quarter. Signaturefd LLC now owns 3,476 shares of the semiconductor company's stock valued at $336,000 after acquiring an additional 277 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Diodes by 8.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company's stock valued at $382,000 after acquiring an additional 287 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

Diodes Stock Performance

Diodes stock opened at $85.89 on Tuesday. The stock's 50-day moving average is $90.00 and its 200-day moving average is $88.07. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 34.49 and a beta of 1.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.99. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $125.99.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its earnings results on Thursday, November 5th. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.13. The business had revenue of $532.59 million during the quarter, compared to analysts' expectations of $512.94 million. Diodes had a return on equity of 4.33% and a net margin of 5.27%. The company's revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Equities analysts anticipate that Diodes Incorporated will post 3.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America started coverage on shares of Diodes in a report on Tuesday, October 6th. They set a "buy" rating and a $135.00 price objective on the stock. Wall Street Zen raised shares of Diodes from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 24th. Needham & Company LLC cut their price target on shares of Diodes from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. Zacks Research lowered shares of Diodes from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, Robert W. Baird set a $192.00 price objective on shares of Diodes in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Diodes currently has an average rating of "Moderate Buy" and an average price target of $129.17.

Diodes Profile

Diodes Incorporated designs, manufactures and supplies semiconductor products used in electronic systems. Its portfolio includes discrete semiconductors, analog and mixed-signal devices, and power-management products, such as rectifiers, transistors, MOSFETs, protection devices, converters and LED drivers.

The company's products support applications in automotive, industrial, computing, consumer electronics and communications markets. Diodes serves customers globally through operations and sales across the Americas, Europe and Asia.

Founded in 1959, Diodes Incorporated is headquartered in Plano, Texas.

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