Invesco Ltd. Acquires 18,099 Shares of Diodes Incorporated $DIOD

Key Points

• Invesco Ltd. increased its stake in Diodes Incorporated (NASDAQ:DIOD) by 10.7% during the first quarter, owning approximately 0.40% of the company worth around $8.08 million.
• Diodes reported a quarterly earnings per share (EPS) of $0.32, exceeding analysts' expectations of $0.24, with a year-over-year revenue growth of 14.5%.
• The company's board has authorized a $100 million share repurchase plan, indicating a belief that its shares are currently undervalued.

Invesco Ltd. increased its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,203 shares of the semiconductor company's stock after acquiring an additional 18,099 shares during the quarter. Invesco Ltd. owned approximately 0.40% of Diodes worth $8,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DIOD. Global Alpha Capital Management Ltd. grew its position in Diodes by 107.6% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 539,170 shares of the semiconductor company's stock worth $23,276,000 after acquiring an additional 279,400 shares during the last quarter. Tributary Capital Management LLC increased its stake in shares of Diodes by 26.0% during the first quarter. Tributary Capital Management LLC now owns 367,306 shares of the semiconductor company's stock valued at $15,857,000 after buying an additional 75,682 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of Diodes by 14.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 552,054 shares of the semiconductor company's stock valued at $34,045,000 after buying an additional 68,823 shares during the period. Northern Trust Corp increased its stake in shares of Diodes by 9.5% during the fourth quarter. Northern Trust Corp now owns 570,564 shares of the semiconductor company's stock valued at $35,187,000 after buying an additional 49,377 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Diodes during the first quarter valued at approximately $2,026,000. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DIOD has been the topic of several research analyst reports. Benchmark reissued 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. Wall Street Zen cut Diodes from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. Finally, Zacks Research upgraded Diodes to a "strong sell" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $55.00.

Insiders Place Their Bets

In other news, SVP Emily Yang sold 1,000 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was 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 of the company's stock, valued at $3,352,236.44. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 value of $111,800.00. Following the completion of the transaction, the chief financial officer directly 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 corporate insiders.

Diodes Stock Down 0.7%

Diodes stock traded down $0.37 during mid-day trading on Thursday, hitting $55.82. The company had a trading volume of 546,872 shares, compared to its average volume of 488,546. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average price is $53.43 and its two-hundred day moving average price is $48.04. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $70.98. The company has a market capitalization of $2.59 billion, a PE ratio of 40.74 and a beta of 1.47.

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

Diodes declared that its Board of Directors has approved a share repurchase plan on Thursday, May 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

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.