Deutsche Bank AG Has $2.73 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Deutsche Bank AG raised its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 40.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 44,314 shares of the semiconductor company's stock after purchasing an additional 12,683 shares during the quarter. Deutsche Bank AG owned 0.10% of Diodes worth $2,733,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in DIOD. Barclays PLC increased its holdings in shares of Diodes by 361.1% during the 3rd quarter. Barclays PLC now owns 79,799 shares of the semiconductor company's stock worth $5,114,000 after purchasing an additional 62,492 shares during the period. Assenagon Asset Management S.A. bought a new stake in Diodes in the fourth quarter valued at about $3,027,000. KBC Group NV grew its position in Diodes by 36.7% in the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after acquiring an additional 533 shares during the period. Allspring Global Investments Holdings LLC grew its position in Diodes by 50.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company's stock valued at $15,795,000 after acquiring an additional 85,943 shares during the period. Finally, Rhumbline Advisers raised its stake in Diodes by 0.6% during the fourth quarter. Rhumbline Advisers now owns 138,468 shares of the semiconductor company's stock worth $8,539,000 after acquiring an additional 838 shares in the last quarter. Institutional investors own 99.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. 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 upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price for the company in a research note 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 note on Monday, May 12th. Finally, Truist Financial cut their target price on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research note on Wednesday, February 12th. 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 stock. According to data from MarketBeat.com, Diodes presently has an average rating of "Moderate Buy" and an average price target of $52.67.

Diodes Trading Down 1.7%

NASDAQ DIOD traded down $0.78 during trading hours on Friday, hitting $45.05. The company's stock had a trading volume of 379,781 shares, compared to its average volume of 429,015. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $86.74. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.09 billion, a P/E ratio of 47.42 and a beta of 1.37. The stock has a fifty day moving average of $41.15 and a 200 day moving average of $52.40.

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

Diodes declared that its board has authorized a share repurchase plan 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 plans are usually an indication that the company's management believes its shares are 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.