Magnetar Financial LLC Takes Position in Diodes Incorporated $DIOD

Key Points

• Magnetar Financial LLC purchased 11,167 shares of Diodes Incorporated, valued at approximately $482,000, as part of their investment strategy in the semiconductor sector.
• Several large investors, including Principal Financial Group and Oppenheimer Asset Management, have also increased their stakes in Diodes, reflecting a strong institutional interest in the company.
• Diodes recently reported better-than-expected earnings, with a 14.5% year-over-year revenue growth, and initiated a share repurchase plan of up to $100 million, indicating confidence in their stock valuation.

Magnetar Financial LLC acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,167 shares of the semiconductor company's stock, valued at approximately $482,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DIOD. First Trust Advisors LP boosted its position in shares of Diodes by 45.8% during the 4th quarter. First Trust Advisors LP now owns 57,028 shares of the semiconductor company's stock worth $3,517,000 after purchasing an additional 17,913 shares in the last quarter. Northern Trust Corp boosted its position in shares of 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 purchasing an additional 49,377 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Diodes during the 4th quarter worth about $499,000. Comerica Bank lifted its position in Diodes by 17.8% in the 4th quarter. Comerica Bank now owns 49,727 shares of the semiconductor company's stock valued at $3,067,000 after acquiring an additional 7,499 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Diodes by 3.4% during the 4th quarter. Ameriprise Financial Inc. now owns 170,226 shares of the semiconductor company's stock worth $10,498,000 after buying an additional 5,660 shares in the last quarter. Institutional investors own 99.23% of the company's stock.

Insiders Place Their Bets

In other news, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $56.36, for a total transaction of $56,360.00. Following the completion of the sale, the senior vice president directly owned 59,479 shares of the company's stock, valued at approximately $3,352,236.44. The trade was a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 2,000 shares of Diodes stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total transaction of $111,800.00. Following the sale, the chief financial officer directly owned 48,777 shares of the company's stock, valued at $2,726,634.30. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Diodes Stock Performance

Diodes stock traded down $0.55 during mid-day trading on Wednesday, reaching $52.65. The company's stock had a trading volume of 836,666 shares, compared to its average volume of 467,069. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $67.40. The company has a market capitalization of $2.45 billion, a P/E ratio of 38.43 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. The firm's fifty day moving average price is $53.57 and its two-hundred day moving average price is $48.07.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly 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 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%. The business's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. Diodes has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Diodes announced that its board has authorized a share repurchase plan on Thursday, May 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

DIOD has been the topic of several recent analyst reports. Benchmark reissued a "buy" rating and set a $62.00 target price (up previously from $55.00) on shares of Diodes in a research report on Friday, June 13th. Zacks Research upgraded shares of Diodes to a "strong sell" rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Diodes currently has a consensus rating of "Moderate Buy" and an average price target 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.