Russell Investments Group Ltd. Buys 7,114 Shares of Diodes Incorporated $DIOD

Key Points

• Russell Investments Group Ltd. increased its stake in Diodes Incorporated by 10.8%, acquiring an additional 7,114 shares during the first quarter, bringing its total ownership to approximately 0.16% of the company.
• Diodes' quarterly earnings exceeded analyst expectations, reporting $0.32 EPS against a consensus of $0.24 EPS, with revenues of $366.20 million, a 14.5% year-over-year increase.
• The company has approved a stock buyback plan allowing for the repurchase of $100 million in shares, representing up to 5.4% of its outstanding stock, indicating potential confidence in its valuation.

Russell Investments Group Ltd. raised its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,277 shares of the semiconductor company's stock after acquiring an additional 7,114 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of Diodes worth $3,163,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Public Sector Pension Investment Board grew its position in shares of Diodes by 27.2% during the first quarter. Public Sector Pension Investment Board now owns 146,926 shares of the semiconductor company's stock valued at $6,343,000 after purchasing an additional 31,443 shares in the last quarter. Nuveen LLC purchased a new position in Diodes during the 1st quarter valued at approximately $5,593,000. Entropy Technologies LP bought a new stake in Diodes in the 1st quarter worth approximately $413,000. Invesco Ltd. raised its holdings in shares of Diodes by 10.7% during the 1st quarter. Invesco Ltd. now owns 187,203 shares of the semiconductor company's stock worth $8,082,000 after acquiring an additional 18,099 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its holdings in shares of Diodes by 107.6% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 539,170 shares of the semiconductor company's stock worth $23,276,000 after acquiring an additional 279,400 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

Diodes Price Performance

Diodes stock opened at $56.24 on Friday. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $72.76. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $53.00 and a 200-day moving average price of $47.97. The firm has a market capitalization of $2.61 billion, a PE ratio of 41.05 and a beta of 1.47.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share for the quarter, topping 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 company had revenue of $366.20 million for the quarter, compared to analyst estimates of $352.08 million. During the same period in the prior year, the company posted $0.33 EPS. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. Diodes has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes declared that its Board of Directors has approved a stock buyback plan on Thursday, May 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages recently weighed in on DIOD. Benchmark restated a "buy" rating and issued a $62.00 price target (up previously from $55.00) on shares of Diodes in a research report on Friday, June 13th. Zacks Research raised shares of Diodes to a "strong sell" rating in a research note on Friday, August 8th. Finally, Wall Street Zen cut shares of Diodes from a "buy" rating to a "hold" rating in a research report on Saturday. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.00.

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.

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