Diodes Incorporated $DIOD Shares Bought 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 raised its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,926 shares of the semiconductor company's stock after buying an additional 31,443 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.32% of Diodes worth $6,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of Diodes by 170.1% during the 1st quarter. Signaturefd LLC now owns 597 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 376 shares during the last quarter. Sterling Capital Management LLC raised its stake in Diodes by 789.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock worth $80,000 after purchasing an additional 1,145 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Diodes in the 1st quarter valued at about $212,000. Integrated Investment Consultants LLC purchased a new stake in shares of Diodes in the 1st quarter valued at approximately $227,000. Finally, First National Advisers LLC acquired a new stake in shares of Diodes during the 1st quarter worth approximately $236,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Diodes Trading Up 1.1%

Shares of DIOD traded up $0.56 during midday trading on Thursday, hitting $53.17. 43,334 shares of the stock were exchanged, compared to its average volume of 508,985. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $72.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. The stock has a fifty day simple moving average of $52.82 and a 200 day simple moving average of $48.08. The firm has a market cap of $2.47 billion, a P/E ratio of 38.56 and a beta of 1.47.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $352.08 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company's quarterly revenue was up 14.5% compared to the same quarter last year. Diodes has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Diodes announced that its Board of Directors has initiated a stock 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 buy up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.