D. E. Shaw & Co. Inc. Has $20.36 Million Stock Position in Diodes Incorporated (NASDAQ:DIOD)

D. E. Shaw & Co. Inc. reduced its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 330,059 shares of the semiconductor company's stock after selling 34,719 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.71% of Diodes worth $20,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIOD. Smartleaf Asset Management LLC raised its holdings in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 522 shares during the last quarter. Quantbot Technologies LP bought a new position in Diodes in the 4th quarter worth $79,000. Sterling Capital Management LLC boosted its holdings in Diodes by 789.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock worth $80,000 after buying an additional 1,145 shares during the period. KBC Group NV boosted its holdings in shares of Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after purchasing an additional 533 shares during the last quarter. Finally, Xponance Inc. purchased a new stake in shares of Diodes during the 4th quarter worth approximately $203,000. 99.23% of the stock is owned by institutional investors.

Diodes Stock Performance

Shares of NASDAQ:DIOD traded up $0.07 on Friday, reaching $48.54. 186,726 shares of the company's stock were exchanged, compared to its average volume of 546,633. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 51.09 and a beta of 1.37. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The business's 50-day moving average is $41.07 and its two-hundred day moving average is $52.98. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. Diodes had a net margin of 3.36% and a return on equity of 3.28%. The company had revenue of $332.11 million during the quarter, compared to analyst estimates of $323.28 million. During the same quarter last year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes announced that its board has authorized a share buyback program on Thursday, May 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have issued reports on DIOD. Baird R W raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Benchmark dropped their target price on shares of Diodes from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday. Truist Financial dropped their price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research note on Wednesday, February 12th. Finally, Robert W. Baird upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective on the stock in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Diodes has an average rating of "Moderate Buy" and an average target price of $52.67.

Diodes Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.