Integrated Investment Consultants LLC bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,258 shares of the semiconductor company's stock, valued at approximately $227,000.
A number of other large investors have also modified their holdings of the company. Pitcairn Co. grew its position in Diodes by 4.2% in the 4th quarter. Pitcairn Co. now owns 5,208 shares of the semiconductor company's stock valued at $321,000 after buying an additional 208 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Diodes by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,772 shares of the semiconductor company's stock valued at $294,000 after buying an additional 262 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Diodes by 1.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,696 shares of the semiconductor company's stock valued at $678,000 after buying an additional 297 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Diodes by 5.4% during the 1st quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company's stock valued at $272,000 after purchasing an additional 323 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Diodes by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company's stock valued at $524,000 after purchasing an additional 335 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.
Diodes Stock Up 0.7%
DIOD traded up $0.35 during midday trading on Wednesday, hitting $51.95. 94,111 shares of the company's stock traded hands, compared to its average volume of 510,918. The company has a market cap of $2.41 billion, a PE ratio of 94.75 and a beta of 1.46. The stock's fifty day simple moving average is $51.53 and its 200-day simple moving average is $48.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.43 and a quick ratio of 2.11. Diodes Incorporated has a one year low of $32.93 and a one year high of $80.07.
Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $332.11 million for the quarter, compared to analyst estimates of $323.28 million. Diodes had a net margin of 1.90% and a return on equity of 3.04%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, equities analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.
Diodes declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
Analyst Ratings Changes
DIOD has been the subject of several research reports. Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Wall Street Zen lowered shares of Diodes from a "buy" rating to a "hold" rating in a research note on Saturday. Robert W. Baird raised shares of 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, Benchmark reaffirmed a "buy" rating and set a $62.00 price objective (up from $55.00) on shares of Diodes in a research note on Friday, June 13th. Two equities research 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 presently has an average rating of "Moderate Buy" and an average price target of $55.00.
Check Out Our Latest Research Report on Diodes
Diodes Company Profile
(
Free Report)
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.
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