Diodes Incorporated (NASDAQ:DIOD) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 4,211.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,313 shares of the semiconductor company's stock after purchasing an additional 34,494 shares during the quarter. GAMMA Investing LLC owned about 0.08% of Diodes worth $1,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP bought a new position in Diodes during the 4th quarter valued at $79,000. Sterling Capital Management LLC boosted its stake in Diodes by 789.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock valued at $80,000 after purchasing an additional 1,145 shares in the last quarter. Xponance Inc. bought a new position in Diodes during the 4th quarter valued at $203,000. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Diodes during the 4th quarter worth $250,000. 99.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DIOD shares. Benchmark raised their price objective on Diodes from $55.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday. Robert W. Baird raised Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective for the company in a research note on Monday, April 7th. Finally, Baird R W raised Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Two equities 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 company. Based on data from MarketBeat, Diodes presently has an average rating of "Moderate Buy" and an average target price of $55.00.

Diodes Stock Down 3.6%

DIOD stock opened at $49.15 on Friday. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $86.74. The company has a market cap of $2.28 billion, a PE ratio of 51.74 and a beta of 1.42. The business's 50-day simple moving average is $42.65 and its 200 day simple moving average is $51.09. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. Diodes had a return on equity of 3.28% and a net margin of 3.36%. The company had revenue of $332.11 million for the quarter, compared to the consensus estimate of $323.28 million. During the same period in the previous year, the business earned $0.28 earnings per share. The company's quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes declared that its Board of Directors has authorized a share buyback program on Thursday, May 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are often 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.