Royal Bank of Canada Has $21.34 Million Position in Diodes Incorporated $DIOD

Royal Bank of Canada boosted its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 12.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 494,235 shares of the semiconductor company's stock after buying an additional 54,309 shares during the period. Royal Bank of Canada owned approximately 1.07% of Diodes worth $21,336,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. increased its stake in shares of Diodes by 107.6% in the first quarter. Global Alpha Capital Management Ltd. now owns 539,170 shares of the semiconductor company's stock worth $23,276,000 after buying an additional 279,400 shares during the last quarter. Nuveen LLC bought a new stake in shares of Diodes in the first quarter worth $5,593,000. Tributary Capital Management LLC increased its stake in shares of Diodes by 26.0% in the first quarter. Tributary Capital Management LLC now owns 367,306 shares of the semiconductor company's stock worth $15,857,000 after buying an additional 75,682 shares during the last quarter. Quantbot Technologies LP increased its stake in shares of Diodes by 5,672.1% in the first quarter. Quantbot Technologies LP now owns 73,594 shares of the semiconductor company's stock worth $3,177,000 after buying an additional 72,319 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Diodes in the first quarter worth $2,026,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

Diodes Stock Down 3.1%

NASDAQ:DIOD traded down $1.70 on Friday, hitting $52.62. 345,665 shares of the company's stock traded hands, compared to its average volume of 423,724. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1 year low of $32.93 and a 1 year high of $67.40. The firm has a 50-day moving average price of $53.31 and a 200-day moving average price of $47.93. The company has a market cap of $2.44 billion, a PE ratio of 38.41 and a beta of 1.55.

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

Wall Street Analyst Weigh In

A number of research firms have commented on DIOD. Benchmark reaffirmed a "buy" rating and issued a $62.00 price objective (up previously from $55.00) on shares of Diodes in a report on Friday, June 13th. Wall Street Zen raised shares of Diodes from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. Finally, Zacks Research raised shares of Diodes to a "strong sell" rating in a report on Friday, August 8th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.00.

Insiders Place Their Bets

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

Diodes Company 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.