Diodes Incorporated $DIOD Shares Acquired by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its stake in Diodes Incorporated by 27.2% in Q1, now holding 146,926 shares valued at approximately $6.34 million.
• Diodes reported earnings of $0.32 per share for Q2, surpassing analysts' expectations of $0.24, with revenues of $366.2 million, up 14.5% year-over-year.
• The company has initiated a $100 million stock repurchase program, indicating management's belief that its shares are currently undervalued.

Public Sector Pension Investment Board increased its position in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 27.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,926 shares of the semiconductor company's stock after purchasing an additional 31,443 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Diodes worth $6,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Diodes by 2.6% in the first quarter. Principal Financial Group Inc. now owns 230,728 shares of the semiconductor company's stock valued at $9,961,000 after purchasing an additional 5,931 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Diodes by 19.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company's stock valued at $810,000 after acquiring an additional 3,092 shares in the last quarter. GAMMA Investing LLC raised its holdings in Diodes by 4,211.7% in the first quarter. GAMMA Investing LLC now owns 35,313 shares of the semiconductor company's stock valued at $1,524,000 after acquiring an additional 34,494 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Diodes in the first quarter valued at $952,000. Finally, QRG Capital Management Inc. raised its holdings in Diodes by 5.4% in the first quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company's stock valued at $272,000 after acquiring an additional 323 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on DIOD shares. Wall Street Zen raised shares of Diodes from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Zacks Research raised shares of Diodes to a "strong sell" rating in a report on Friday, August 8th. Finally, Benchmark reaffirmed a "buy" rating and issued a $62.00 price target (up from $55.00) on shares of Diodes in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.00.

Diodes Stock Performance

Shares of NASDAQ:DIOD traded up $0.60 on Thursday, reaching $53.21. 612,722 shares of the company's stock were exchanged, compared to its average volume of 488,283. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 38.84 and a beta of 1.47. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $72.76. The business's 50-day moving average is $52.86 and its two-hundred day moving average is $48.05. 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 issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.08. The company had revenue of $366.20 million for the quarter, compared to analysts' expectations of $352.08 million. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The firm's revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share. Diodes has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes announced that its Board of Directors has authorized a share buyback program on Thursday, May 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board 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.