Diodes Incorporated $DIOD Position Trimmed by American Century Companies Inc.

Key Points

• American Century Companies Inc. has reduced its stake in Diodes Incorporated by 24.9%, remaining a significant institutional investor with approximately $15.1 million in holdings.
• Diodes announced a $100 million share buyback plan, indicating management's belief that the stock is undervalued.
• Diodes reported a quarterly EPS of $0.32, surpassing expectations, and its revenue increased by 14.5% year-over-year, reaching $366.2 million.

American Century Companies Inc. trimmed its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 24.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 349,805 shares of the semiconductor company's stock after selling 116,019 shares during the quarter. American Century Companies Inc. owned about 0.75% of Diodes worth $15,101,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Boston Partners grew its holdings in Diodes by 23.4% in the first quarter. Boston Partners now owns 16,465 shares of the semiconductor company's stock valued at $711,000 after purchasing an additional 3,121 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Diodes in the first quarter valued at approximately $70,000. Russell Investments Group Ltd. grew its holdings in Diodes by 10.8% in the first quarter. Russell Investments Group Ltd. now owns 73,277 shares of the semiconductor company's stock valued at $3,163,000 after purchasing an additional 7,114 shares during the period. Public Sector Pension Investment Board grew its holdings in Diodes by 27.2% in the first quarter. Public Sector Pension Investment Board now owns 146,926 shares of the semiconductor company's stock valued at $6,343,000 after purchasing an additional 31,443 shares during the period. Finally, Nuveen LLC purchased a new stake in Diodes in the first quarter valued at approximately $5,593,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Stock Down 2.5%

Shares of DIOD traded down $1.38 during mid-day trading on Friday, reaching $54.44. 575,334 shares of the stock traded hands, compared to its average volume of 496,381. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 39.74 and a beta of 1.47. The stock has a fifty day simple moving average of $53.50 and a 200 day simple moving average of $48.03. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $70.98. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01.

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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Diodes from a "buy" rating to a "hold" rating in a report on Saturday, August 23rd. Zacks Research raised shares of Diodes to a "strong sell" rating in a research report on Friday, August 8th. Finally, Benchmark reaffirmed a "buy" rating and set a $62.00 price target (up from $55.00) on shares of Diodes in a research report on Friday, June 13th. One 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $55.00.

Insiders Place Their Bets

In related news, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction on Thursday, August 28th. The shares were 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 owned 59,479 shares in the company, valued at approximately $3,352,236.44. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett R. Whitmire sold 2,000 shares of Diodes stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total transaction 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 approximately $2,726,634.30. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

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.