Bridge City Capital LLC Buys 17,112 Shares of Diodes Incorporated (NASDAQ:DIOD)

Bridge City Capital LLC boosted its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 18.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,946 shares of the semiconductor company's stock after purchasing an additional 17,112 shares during the period. Diodes comprises 1.4% of Bridge City Capital LLC's investment portfolio, making the stock its 23rd largest position. Bridge City Capital LLC owned 0.24% of Diodes worth $4,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in Diodes by 198.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Diodes during the fourth quarter valued at $79,000. Sterling Capital Management LLC boosted its holdings in shares of Diodes by 789.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock valued at $80,000 after acquiring an additional 1,145 shares during the last quarter. Xponance Inc. purchased a new stake in Diodes during the 4th quarter valued at $203,000. Finally, Verdence Capital Advisors LLC bought a new position in shares of Diodes during the 4th quarter valued at $250,000. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Truist Financial dropped their target price on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday, February 12th. Robert W. Baird raised 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. Benchmark cut their target price on shares of Diodes from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $52.67.

Diodes Stock Performance

Diodes stock traded up $0.04 during midday trading on Thursday, hitting $50.96. The stock had a trading volume of 493,070 shares, compared to its average volume of 435,402. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $86.74. The company has a market capitalization of $2.36 billion, a PE ratio of 53.64 and a beta of 1.42. The firm's fifty day moving average is $42.07 and its two-hundred day moving average is $51.40. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01.

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

Diodes declared that its board has authorized a share repurchase program on Thursday, May 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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.