Quantbot Technologies LP Buys 72,319 Shares of Diodes Incorporated $DIOD

Key Points

• Quantbot Technologies LP significantly increased its stake in Diodes Incorporated by 5,672.1%, owning 73,594 shares worth approximately $3.18 million as of the latest SEC filing.
• Diodes reported a quarterly earnings beat with $0.32 earnings per share, exceeding expectations of $0.24, and revenue of $366.20 million, up 14.5% year-over-year.
• The company's stock buyback plan authorizes $100 million to repurchase shares, indicating a belief that the stock is undervalued according to its management.

Quantbot Technologies LP grew its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 5,672.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,594 shares of the semiconductor company's stock after buying an additional 72,319 shares during the period. Quantbot Technologies LP owned approximately 0.16% of Diodes worth $3,177,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in shares of Diodes by 8.5% during the 4th quarter. Bank of Montreal Can now owns 6,100 shares of the semiconductor company's stock worth $376,000 after acquiring an additional 476 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Diodes during the fourth quarter valued at about $7,063,000. Sterling Capital Management LLC lifted its stake in Diodes by 789.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock worth $80,000 after purchasing an additional 1,145 shares during the last quarter. Barclays PLC boosted its holdings in shares of Diodes by 3.3% in the 4th quarter. Barclays PLC now owns 82,419 shares of the semiconductor company's stock worth $5,083,000 after purchasing an additional 2,620 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings 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 valued at $3,517,000 after buying an additional 17,913 shares in the last quarter. Institutional investors own 99.23% of the company's stock.

Wall Street Analysts Forecast Growth

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

Diodes Trading Up 5.7%

DIOD traded up $3.03 during midday trading on Friday, reaching $56.24. 411,248 shares of the company's stock traded hands, compared to its average volume of 494,857. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $72.76. 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 has a fifty day moving average of $53.00 and a two-hundred day moving average of $47.97. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 41.05 and a beta of 1.47.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The firm had revenue of $366.20 million for the quarter, compared to analyst estimates of $352.08 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. Diodes has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Diodes announced that its board has approved a stock repurchase program on Thursday, May 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 5.4% of its shares through open market purchases. Shares buyback programs are usually 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.