SG Americas Securities LLC Invests $952,000 in Diodes Incorporated (NASDAQ:DIOD)

SG Americas Securities LLC purchased a new stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,056 shares of the semiconductor company's stock, valued at approximately $952,000.

Several other large investors have also modified their holdings of the business. Smartleaf Asset Management LLC grew its holdings in shares of Diodes by 198.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Diodes in the fourth quarter valued at approximately $79,000. Sterling Capital Management LLC grew its holdings in shares of Diodes by 789.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock valued at $80,000 after purchasing an additional 1,145 shares in the last quarter. Xponance Inc. acquired a new position in shares of Diodes in the fourth quarter valued at approximately $203,000. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Diodes in the fourth quarter valued at approximately $250,000. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Price Performance

Shares of NASDAQ:DIOD traded up $0.67 on Friday, reaching $51.00. 1,166,595 shares of the company were exchanged, compared to its average volume of 443,399. The company has a current ratio of 3.43, a quick ratio of 2.11 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 $86.74. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 92.73 and a beta of 1.42. The company has a 50-day moving average of $43.70 and a 200-day moving average of $50.78.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. Diodes had a return on equity of 3.04% and a net margin of 1.90%. The firm had revenue of $332.11 million during the quarter, compared to the consensus estimate of $323.28 million. During the same period last year, the business posted $0.28 EPS. Diodes's quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

DIOD has been the subject of a number of analyst reports. Baird R W raised Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Robert W. Baird raised Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Monday, April 7th. Finally, Benchmark reissued a "buy" rating and set a $62.00 price objective (up from $55.00) on shares of Diodes in a research report on Friday, June 13th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.