IFP Advisors Inc Has $108,000 Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

IFP Advisors Inc lessened its position in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 75.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,505 shares of the semiconductor company's stock after selling 7,569 shares during the period. IFP Advisors Inc's holdings in Diodes were worth $108,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DIOD. Vanguard Group Inc. grew its stake in Diodes by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company's stock worth $364,517,000 after buying an additional 102,263 shares during the period. FMR LLC boosted its stake in shares of Diodes by 2.0% in the fourth quarter. FMR LLC now owns 5,902,006 shares of the semiconductor company's stock valued at $363,977,000 after purchasing an additional 116,872 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Diodes by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock valued at $138,053,000 after purchasing an additional 168,545 shares during the period. Earnest Partners LLC boosted its stake in shares of Diodes by 0.4% in the fourth quarter. Earnest Partners LLC now owns 2,119,097 shares of the semiconductor company's stock valued at $130,685,000 after purchasing an additional 7,552 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Diodes by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,283,794 shares of the semiconductor company's stock valued at $79,186,000 after purchasing an additional 17,742 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Wall Street Zen lowered shares of Diodes from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Benchmark restated a "buy" rating and set a $62.00 price objective (up previously from $55.00) on shares of Diodes in a research report on Friday, June 13th. Finally, Robert W. Baird upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $55.00.

Diodes Stock Performance

Shares of NASDAQ:DIOD traded down $0.46 during trading on Friday, reaching $48.91. The stock had a trading volume of 552,177 shares, compared to its average volume of 512,342. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $72.76. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 88.93 and a beta of 1.46. The company has a quick ratio of 2.11, a current ratio of 3.43 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $51.68 and a two-hundred day simple moving average of $48.93.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. Diodes had a net margin of 1.90% and a return on equity of 3.04%. The firm had revenue of $332.11 million for the quarter, compared to the consensus estimate of $323.28 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The business's revenue was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Diodes announced that its Board of Directors has authorized a stock buyback program on Thursday, May 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is 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.