Cinctive Capital Management LP Invests $2.88 Million in Diodes Incorporated $DIOD

Key Points

• Cinctive Capital Management LP invested approximately $2.88 million in Diodes Incorporated, acquiring 66,677 shares of the semiconductor company's stock during the first quarter.
• Diodes Incorporated reported a 14.5% increase in revenue year-over-year, with a quarterly earnings per share of $0.32, exceeding analysts' expectations.
• The company also authorized a $100 million share buyback plan to repurchase up to 5.4% of its shares, signaling confidence in its stock value.

Cinctive Capital Management LP purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 66,677 shares of the semiconductor company's stock, valued at approximately $2,878,000. Cinctive Capital Management LP owned 0.14% of Diodes at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Diodes by 2.6% during the first quarter. Principal Financial Group Inc. now owns 230,728 shares of the semiconductor company's stock valued at $9,961,000 after buying an additional 5,931 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Diodes by 19.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company's stock valued at $810,000 after buying an additional 3,092 shares during the period. GAMMA Investing LLC increased its position in shares of Diodes by 4,211.7% during the first quarter. GAMMA Investing LLC now owns 35,313 shares of the semiconductor company's stock valued at $1,524,000 after buying an additional 34,494 shares during the period. SG Americas Securities LLC purchased a new position in shares of Diodes during the first quarter valued at about $952,000. Finally, QRG Capital Management Inc. increased its position in shares of Diodes by 5.4% during the first quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company's stock valued at $272,000 after buying an additional 323 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 2,000 shares of the company's 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 directly owned 48,777 shares in the company, valued at $2,726,634.30. This represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction dated 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 transaction, the senior vice president owned 59,479 shares in the company, valued at $3,352,236.44. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

Analyst Ratings Changes

DIOD has been the topic of a number of recent research reports. Zacks Research upgraded shares of Diodes to a "strong sell" rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a research report on Sunday, August 31st. Finally, Benchmark reaffirmed a "buy" rating and set a $62.00 target price (up from $55.00) on shares of Diodes in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.00.

Diodes Trading Down 0.5%

DIOD traded down $0.28 on Wednesday, reaching $52.78. 45,095 shares of the company traded hands, compared to its average volume of 505,636. Diodes Incorporated has a one year low of $32.93 and a one year high of $67.40. The firm has a fifty day simple moving average of $53.55 and a two-hundred day simple moving average of $47.95. The company has a market cap of $2.45 billion, a P/E ratio of 38.54 and a beta of 1.55. 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 announced its quarterly earnings data 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 net margin of 4.59% and a return on equity of 2.98%. The company had revenue of $366.20 million during the quarter, compared to analyst estimates of $352.08 million. During the same quarter last year, the business posted $0.33 EPS. The firm's revenue for the quarter 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 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.