Natixis Advisors LLC Sells 77,701 Shares of Diodes Incorporated (NASDAQ:DIOD)

Key Points

• Natixis Advisors LLC has significantly reduced its stake in Diodes Incorporated by 87.7%, owning only 10,901 shares after selling 77,701 shares during the first quarter, with holdings valued at $471,000.
• Analysts have recently upgraded Diodes’ stock rating, with Wall Street Zen moving from a “hold” to a “buy” rating and a price target increased to $62.00.
• Diodes reported a quarterly EPS of $0.32, exceeding analysts’ expectations and reflecting a 14.5% increase in revenue compared to the same period last year.

Natixis Advisors LLC reduced its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 87.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,901 shares of the semiconductor company's stock after selling 77,701 shares during the period. Natixis Advisors LLC's holdings in Diodes were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of Diodes by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 230,728 shares of the semiconductor company's stock worth $9,961,000 after purchasing an additional 5,931 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Diodes by 19.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company's stock worth $810,000 after purchasing an additional 3,092 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Diodes by 4,211.7% in the 1st quarter. GAMMA Investing LLC now owns 35,313 shares of the semiconductor company's stock worth $1,524,000 after purchasing an additional 34,494 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Diodes in the 1st quarter worth approximately $952,000. Finally, QRG Capital Management Inc. raised its holdings 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 worth $272,000 after purchasing an additional 323 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Down 2.1%

Diodes stock traded down $1.12 during trading hours on Friday, hitting $52.80. The company had a trading volume of 182,391 shares, compared to its average volume of 511,927. The firm has a market capitalization of $2.45 billion, a P/E ratio of 38.47 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.33 and a quick ratio of 2.04. The firm's fifty day moving average is $52.65 and its 200-day moving average is $48.22. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $72.76.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. The firm had revenue of $366.20 million for 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 company's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. On average, research analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes announced that its board has approved a stock buyback program on Thursday, May 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the semiconductor company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

DIOD has been the topic of a number of research reports. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Benchmark restated a "buy" rating and set a $62.00 price target (up previously from $55.00) on shares of Diodes in a report on Friday, June 13th. Finally, Zacks Research upgraded shares of Diodes to a "strong sell" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Diodes presently has an average rating of "Moderate Buy" and an average 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.