Lazard Asset Management LLC Has $125,000 Stake in Diodes Incorporated (NASDAQ:DIOD)

Lazard Asset Management LLC boosted its holdings in shares of Diodes Incorporated (NASDAQ:DIODGet Rating) by 32.5% in the second quarter, HoldingsChannel reports. The firm owned 1,945 shares of the semiconductor company’s stock after acquiring an additional 477 shares during the period. Lazard Asset Management LLC’s holdings in Diodes were worth $125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC increased its stake in shares of Diodes by 12.6% in the 1st quarter. Park Avenue Securities LLC now owns 4,059 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 453 shares during the period. Signaturefd LLC increased its stake in shares of Diodes by 157.7% in the 1st quarter. Signaturefd LLC now owns 286 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 175 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Diodes by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,487 shares of the semiconductor company’s stock valued at $564,000 after buying an additional 337 shares during the period. FDx Advisors Inc. increased its stake in shares of Diodes by 19.7% in the 1st quarter. FDx Advisors Inc. now owns 4,112 shares of the semiconductor company’s stock valued at $358,000 after buying an additional 677 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Diodes by 13.6% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 29,005 shares of the semiconductor company’s stock valued at $2,523,000 after buying an additional 3,479 shares during the period. 95.57% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Up 3.1 %

Shares of Diodes stock opened at $88.08 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. Diodes Incorporated has a 12 month low of $58.52 and a 12 month high of $113.39. The business has a fifty day simple moving average of $71.97 and a 200 day simple moving average of $72.46. The stock has a market cap of $4.00 billion, a PE ratio of 13.25 and a beta of 1.29.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Robert W. Baird lowered their target price on Diodes from $130.00 to $100.00 in a research note on Tuesday, November 8th. Wells Fargo & Company lifted their price objective on Diodes from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 8th. StockNews.com raised Diodes from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. Benchmark decreased their price objective on Diodes from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Finally, Cowen lifted their price objective on Diodes to $95.00 in a research note on Tuesday, August 9th.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 1,000 shares of Diodes stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $81.00, for a total transaction of $81,000.00. Following the transaction, the chief executive officer now directly owns 74,183 shares in the company, valued at $6,008,823. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Diodes news, CEO Keh Shew Lu sold 1,000 shares of Diodes stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $81.00, for a total transaction of $81,000.00. Following the transaction, the chief executive officer now directly owns 74,183 shares in the company, valued at $6,008,823. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 3,436 shares of Diodes stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $85.86, for a total value of $295,014.96. Following the transaction, the chief financial officer now owns 23,689 shares in the company, valued at $2,033,937.54. The disclosure for this sale can be found here. Insiders sold a total of 46,073 shares of company stock valued at $3,974,286 over the last three months. Company insiders own 2.60% of the company’s stock.

Diodes Profile

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Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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