Allianz Asset Management GmbH Buys 30,451 Shares of Diodes Incorporated (NASDAQ:DIOD)

Allianz Asset Management GmbH increased its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 39.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,776 shares of the semiconductor company's stock after purchasing an additional 30,451 shares during the quarter. Allianz Asset Management GmbH owned 0.23% of Diodes worth $4,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Diodes by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company's stock worth $364,517,000 after acquiring an additional 102,263 shares during the last quarter. FMR LLC lifted its holdings in shares of Diodes by 2.0% in the fourth quarter. FMR LLC now owns 5,902,006 shares of the semiconductor company's stock worth $363,977,000 after acquiring an additional 116,872 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock worth $138,053,000 after acquiring an additional 168,545 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Diodes by 0.4% in the fourth quarter. Earnest Partners LLC now owns 2,119,097 shares of the semiconductor company's stock worth $130,685,000 after acquiring an additional 7,552 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Diodes by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,283,794 shares of the semiconductor company's stock worth $79,186,000 after acquiring an additional 17,742 shares during the last quarter. Institutional investors own 99.23% of the company's stock.

Diodes Price Performance

NASDAQ DIOD remained flat at $49.37 during trading hours on Friday. 180,555 shares of the company were exchanged, compared to its average volume of 509,742. The company's 50 day simple moving average is $51.68 and its two-hundred day simple moving average is $48.93. The firm has a market capitalization of $2.29 billion, a PE ratio of 89.78 and a beta of 1.46. Diodes Incorporated has a 1-year low of $32.93 and a 1-year high of $72.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.11 and a current ratio of 3.43.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $332.11 million during the quarter, compared to the consensus estimate of $323.28 million. Diodes had a net margin of 1.90% and a return on equity of 3.04%. The company's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. On average, 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 initiated a share repurchase program on Thursday, May 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Benchmark reissued a "buy" rating and issued a $62.00 target price (up previously from $55.00) on shares of Diodes in a report on Friday, June 13th. Baird R W raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Robert W. Baird raised shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price for the company in a report on Monday, April 7th. Finally, Wall Street Zen cut shares of Diodes from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Diodes has a consensus rating of "Moderate Buy" and an average target price of $55.00.

About Diodes

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.