Hotchkis & Wiley Capital Management LLC Has $9.01 Million Position in Diodes Incorporated $DIOD

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its holdings in Diodes Incorporated by 3.2%, owning 208,789 shares valued at approximately $9.01 million after selling 6,906 shares in Q1.
• Diodes reported strong financial results with an EPS of $0.32, exceeding analysts' expectations, along with a 14.5% revenue increase year-over-year, amounting to $366.20 million.
• The company has initiated a $100 million share repurchase program, representing 5.4% of its shares, indicating the board's view of the stock being undervalued.

Hotchkis & Wiley Capital Management LLC reduced its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,789 shares of the semiconductor company's stock after selling 6,906 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.45% of Diodes worth $9,013,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Diodes by 2.6% during 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 in the last quarter. Oppenheimer Asset Management Inc. raised its position in Diodes by 19.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company's stock valued at $810,000 after purchasing an additional 3,092 shares in the last quarter. GAMMA Investing LLC raised its position in Diodes by 4,211.7% during the first quarter. GAMMA Investing LLC now owns 35,313 shares of the semiconductor company's stock valued at $1,524,000 after purchasing an additional 34,494 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Diodes during the first quarter worth $952,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Diodes by 5.4% in the 1st 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 during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Trading Down 2.5%

NASDAQ DIOD traded down $1.38 on Friday, reaching $54.44. The company had a trading volume of 575,334 shares, compared to its average volume of 496,381. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 39.74 and a beta of 1.47. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $70.98. The business has a 50 day moving average of $53.50 and a two-hundred day moving average of $48.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.33 and a quick ratio of 2.04.

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 for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. The business had revenue of $366.20 million during the quarter, compared to the consensus estimate of $352.08 million. Diodes had a return on equity of 2.98% and a net margin of 4.59%.Diodes's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Diodes has set its Q3 2025 guidance at EPS. 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 shares. This buyback authorization allows the semiconductor company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is 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 stock was sold at an average price of $56.36, for a total value of $56,360.00. Following the completion of the sale, the senior vice president directly owned 59,479 shares in the company, valued at $3,352,236.44. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $111,800.00. Following the completion of the sale, the chief financial officer owned 48,777 shares of the company's stock, valued at $2,726,634.30. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DIOD. Zacks Research upgraded Diodes to a "strong sell" rating in a research note on Friday, August 8th. Wall Street Zen cut Diodes from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. Finally, Benchmark reiterated a "buy" rating and issued a $62.00 price target (up 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 given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.00.

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.