Diodes Incorporated $DIOD Shares Sold by Earnest Partners LLC

Key Points

• Earnest Partners LLC has reduced its stake in Diodes Incorporated by 46.5%, selling 986,300 shares during the first quarter, now holding around 2.44% of the company.
• A variety of institutional investors have altered their holdings in Diodes, with First Trust Advisors LP increasing its stake by 45.8% in the fourth quarter.
• Analysts have varied opinions, with Wall Street Zen downgrading Diodes from "buy" to "hold", while Benchmark raised its price target to $62.00, with a consensus rating of "Moderate Buy".

Earnest Partners LLC cut its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 46.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,132,797 shares of the semiconductor company's stock after selling 986,300 shares during the quarter. Earnest Partners LLC owned 2.44% of Diodes worth $48,903,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Diodes by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 723,733 shares of the semiconductor company's stock worth $31,244,000 after buying an additional 36,488 shares in the last quarter. Northern Trust Corp lifted its holdings in Diodes by 9.5% during the 4th quarter. Northern Trust Corp now owns 570,564 shares of the semiconductor company's stock worth $35,187,000 after buying an additional 49,377 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Diodes by 14.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 552,054 shares of the semiconductor company's stock worth $34,045,000 after buying an additional 68,823 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its holdings 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 buying an additional 279,400 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in Diodes by 26.0% during the 1st quarter. Tributary Capital Management LLC now owns 367,306 shares of the semiconductor company's stock worth $15,857,000 after buying an additional 75,682 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Diodes Stock Down 2.5%

Shares of NASDAQ DIOD traded down $1.38 during mid-day trading on Friday, reaching $54.44. The company had a trading volume of 575,334 shares, compared to its average volume of 496,381. 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 firm has a 50 day simple moving average of $53.50 and a two-hundred day simple moving average of $48.03. The stock has a market cap of $2.53 billion, a P/E ratio of 39.74 and a beta of 1.47. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $70.98.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. The firm had revenue of $366.20 million for the quarter, compared to the consensus estimate of $352.08 million. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The company's revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. Diodes has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Diodes Incorporated will post 1.82 earnings per share 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 shares. This buyback authorization allows the semiconductor company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, SVP Emily Yang sold 1,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $56.36, for a total value of $56,360.00. Following the transaction, the senior vice president directly owned 59,479 shares of the company's stock, valued at $3,352,236.44. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 2,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total transaction of $111,800.00. Following the completion of the transaction, the chief financial officer directly owned 48,777 shares in the company, valued at $2,726,634.30. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

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.