Dark Forest Capital Management LP Takes Position in Diodes Incorporated $DIOD

Key Points

• Dark Forest Capital Management LP has acquired a new stake in Diodes Incorporated, purchasing 120,770 shares valued at approximately $5.21 million, representing about 0.26% of the company's stock.
• Diodes has initiated a $100 million stock buyback program, authorizing the repurchase of up to 5.4% of its outstanding shares, indicating the board's belief that the shares are undervalued.
• The company reported quarterly earnings, with an earnings per share (EPS) of $0.32 that surpassed expectations, alongside a 14.5% increase in revenue compared to the previous year.

Dark Forest Capital Management LP bought a new position in Diodes Incorporated (NASDAQ:DIOD - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 120,770 shares of the semiconductor company's stock, valued at approximately $5,214,000. Dark Forest Capital Management LP owned about 0.26% of Diodes as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in shares of Diodes by 1.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,696 shares of the semiconductor company's stock worth $678,000 after buying an additional 297 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Diodes by 5.4% in the 1st quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company's stock worth $272,000 after buying an additional 323 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Diodes by 170.1% in the 1st quarter. Signaturefd LLC now owns 597 shares of the semiconductor company's stock worth $26,000 after buying an additional 376 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Diodes by 7.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,725 shares of the semiconductor company's stock worth $549,000 after buying an additional 856 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Diodes by 13.1% in the 1st quarter. Hsbc Holdings PLC now owns 8,094 shares of the semiconductor company's stock worth $344,000 after buying an additional 935 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Diodes Trading Down 0.7%

DIOD stock traded down $0.40 during mid-day trading on Friday, reaching $53.06. The company had a trading volume of 332,594 shares, compared to its average volume of 479,172. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.33 and a quick ratio of 2.04. The company has a market capitalization of $2.46 billion, a PE ratio of 38.73 and a beta of 1.55. The firm has a 50 day moving average of $53.59 and a 200 day moving average of $48.06. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $67.40.

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

Insider Transactions at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of the company's 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 transaction, the senior vice president directly owned 59,479 shares in the company, valued at $3,352,236.44. This represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 2,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer owned 48,777 shares in the company, valued at $2,726,634.30. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Zacks Research upgraded shares of Diodes to a "strong sell" rating in a report on Friday, August 8th. Finally, Benchmark reiterated a "buy" rating and set a $62.00 price target (up from $55.00) on shares of Diodes in a report on Friday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently 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.