Hotchkis & Wiley Capital Management LLC Sells 6,906 Shares of 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 cut its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the 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 about 0.45% of Diodes worth $9,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in Diodes by 1.9% in the first quarter. Nisa Investment Advisors LLC now owns 15,696 shares of the semiconductor company's stock worth $678,000 after acquiring an additional 297 shares in the last quarter. QRG Capital Management Inc. grew its position in Diodes by 5.4% in the first quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company's stock worth $272,000 after acquiring an additional 323 shares in the last quarter. Signaturefd LLC boosted its position in Diodes by 170.1% during the first quarter. Signaturefd LLC now owns 597 shares of the semiconductor company's stock valued at $26,000 after buying an additional 376 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Diodes by 7.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,725 shares of the semiconductor company's stock valued at $549,000 after buying an additional 856 shares during the period. Finally, Hsbc Holdings PLC boosted its position in Diodes by 13.1% during the first quarter. Hsbc Holdings PLC now owns 8,094 shares of the semiconductor company's stock valued at $344,000 after buying an additional 935 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DIOD. Zacks Research upgraded shares of Diodes to a "strong sell" rating in a research report on Friday, August 8th. Benchmark restated a "buy" rating and set a $62.00 price target (up from $55.00) on shares of Diodes in a research report on Friday, June 13th. Finally, Wall Street Zen lowered shares of Diodes from a "buy" rating to a "hold" rating in a research report on Saturday. One 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 stock. Based on data from MarketBeat.com, Diodes currently has an average rating of "Moderate Buy" and an average target price of $55.00.

Diodes Trading Up 1.6%

Shares of Diodes stock traded up $0.88 during trading on Wednesday, reaching $56.19. 514,629 shares of the stock were exchanged, compared to its average volume of 481,191. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average is $53.32 and its 200 day moving average is $48.02. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 41.01 and a beta of 1.47. Diodes Incorporated has a 1 year low of $32.93 and a 1 year 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.08. The company had revenue of $366.20 million during the quarter, compared to analyst estimates of $352.08 million. Diodes had a net margin of 4.59% and a return on equity of 2.98%. Diodes's revenue for the quarter 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. As a group, equities research analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Diodes declared that its board has initiated 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 repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors 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.