SG Americas Securities LLC Acquires Shares of 22,056 Diodes Incorporated (NASDAQ:DIOD)

SG Americas Securities LLC purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,056 shares of the semiconductor company's stock, valued at approximately $952,000.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 522 shares during the last quarter. Quantbot Technologies LP purchased a new position in Diodes in the 4th quarter worth approximately $79,000. Sterling Capital Management LLC increased its stake in Diodes by 789.7% in the 4th 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 period. Xponance Inc. bought a new stake in Diodes in the fourth quarter valued at approximately $203,000. Finally, Verdence Capital Advisors LLC bought a new stake in Diodes in the fourth quarter valued at approximately $250,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DIOD. Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Robert W. Baird raised shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price target for the company in a research report on Monday, April 7th. Finally, Benchmark restated a "buy" rating and issued a $62.00 price objective (up previously from $55.00) on shares of Diodes in a research report on Friday, June 13th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Diodes currently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Diodes Trading Up 1.3%

NASDAQ DIOD traded up $0.67 on Friday, hitting $51.00. The company's stock had a trading volume of 1,166,595 shares, compared to its average volume of 441,619. The firm has a market cap of $2.37 billion, a P/E ratio of 92.73 and a beta of 1.42. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $86.74. The company's 50-day simple moving average is $44.01 and its 200 day simple moving average is $50.62. 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 (NASDAQ:DIOD - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The company had revenue of $332.11 million during the quarter, compared to the consensus estimate of $323.28 million. Diodes had a return on equity of 3.04% and a net margin of 1.90%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. Research analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

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

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.