129,568 Shares in Diodes Incorporated $DIOD Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired 129,568 shares of Diodes Incorporated, a stake valued at approximately $5.6 million, making it a new investor in the semiconductor company.
• Diodes announced a $100 million stock repurchase plan, indicating the board's belief that the company's shares are undervalued.
• In its latest earnings report, Diodes topped earnings estimates with an EPS of $0.32 and a revenue of $366.2 million, an increase of 14.5% compared to the previous year.

Nuveen LLC acquired a new position in Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 129,568 shares of the semiconductor company's stock, valued at approximately $5,593,000. Nuveen LLC owned about 0.28% of Diodes as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in Diodes by 170.1% in the first quarter. Signaturefd LLC now owns 597 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 376 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Diodes in the first quarter worth approximately $212,000. Integrated Investment Consultants LLC acquired a new stake in shares of Diodes in the first quarter worth approximately $227,000. First National Advisers LLC acquired a new stake in shares of Diodes in the first quarter worth approximately $236,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Diodes in the fourth quarter worth approximately $251,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diodes

In related news, SVP Emily Yang sold 1,000 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total transaction of $56,360.00. Following the completion of the transaction, the senior vice president directly owned 59,479 shares of the company's stock, valued at $3,352,236.44. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 2,000 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total value of $111,800.00. Following the transaction, the chief financial officer directly owned 48,777 shares of the company's stock, valued at $2,726,634.30. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Diodes from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. Zacks Research raised Diodes to a "strong sell" rating in a research note on Friday, August 8th. Finally, Benchmark reaffirmed a "buy" rating and issued a $62.00 price target (up from $55.00) on shares of Diodes in a research note on Friday, June 13th. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, Diodes presently has an average rating of "Moderate Buy" and an average price target of $55.00.

Diodes Trading Down 0.7%

NASDAQ:DIOD traded down $0.37 on Thursday, reaching $55.82. The company's stock had a trading volume of 546,872 shares, compared to its average volume of 488,546. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $70.98. 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 firm has a market cap of $2.59 billion, a price-to-earnings ratio of 40.74 and a beta of 1.47. The stock has a 50 day moving average price of $53.43 and a 200 day moving average price of $48.04.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its 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 company had revenue of $366.20 million for the quarter, compared to the consensus estimate of $352.08 million. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The company's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Diodes has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

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