201,038 Shares in Diodes Incorporated $DIOD Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired 201,038 shares of Diodes Incorporated valued at approximately $8.68 million, increasing its ownership to 0.43% as reported in SEC filings.
• Diodes has been upgraded by analysts, with Benchmark setting a price target of $62.00 and a consensus rating of "Moderate Buy".
• The company reported a 14.5% year-over-year increase in revenue for the last quarter, totaling $366.20 million and exceeding analyst expectations.

Cubist Systematic Strategies LLC purchased a new position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 201,038 shares of the semiconductor company's stock, valued at approximately $8,679,000. Cubist Systematic Strategies LLC owned approximately 0.43% of Diodes as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Diodes by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 230,728 shares of the semiconductor company's stock worth $9,961,000 after acquiring an additional 5,931 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Diodes by 19.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company's stock worth $810,000 after purchasing an additional 3,092 shares during the last quarter. GAMMA Investing LLC increased its holdings in Diodes by 4,211.7% during the 1st quarter. GAMMA Investing LLC now owns 35,313 shares of the semiconductor company's stock worth $1,524,000 after purchasing an additional 34,494 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Diodes during the 1st quarter worth approximately $952,000. Finally, QRG Capital Management Inc. increased its holdings in Diodes by 5.4% during the 1st quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company's stock worth $272,000 after purchasing an additional 323 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIOD has been the topic of several analyst reports. Benchmark restated a "buy" rating and set a $62.00 price objective (up from $55.00) on shares of Diodes in a report on Friday, June 13th. Wall Street Zen upgraded Diodes from a "hold" rating to a "buy" rating in a report on Sunday. Finally, Zacks Research upgraded Diodes to a "strong sell" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Diodes presently has an average rating of "Moderate Buy" and a consensus price target of $55.00.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $54.44 on Tuesday. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $70.98. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 39.74 and a beta of 1.54. The business has a 50 day simple moving average of $53.55 and a 200-day simple moving average of $48.00.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The business had revenue of $366.20 million during the quarter, compared to the consensus estimate of $352.08 million. During the same period in the previous year, the business earned $0.33 EPS. The business's quarterly revenue was up 14.5% on a year-over-year basis. Diodes has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes declared that its Board of Directors has approved a share buyback program on Thursday, May 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, SVP Emily Yang sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total value of $56,360.00. Following the completion of the sale, the senior vice president directly owned 59,479 shares in the company, valued at approximately $3,352,236.44. The trade was a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brett R. Whitmire sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total value of $111,800.00. Following the completion of the sale, the chief financial officer owned 48,777 shares of the company's stock, valued at $2,726,634.30. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Diodes Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.