T. Rowe Price Investment Management Inc. Trims Stock Holdings in Diodes Incorporated $DIOD

Key Points

• T. Rowe Price Investment Management Inc. sold 28,504 shares of Diodes Incorporated, reducing its stake by 4.9% to a total of 552,279 shares valued at approximately $23.8 million.
• Diodes Incorporated reported a quarterly revenue of $366.20 million, surpassing estimates and showing a 14.5% year-over-year increase, along with an earnings per share of $0.32 for the quarter.
• The company initiated a $100 million share buyback program, allowing it to repurchase up to 5.4% of its shares, signaling confidence in its stock valuation.

T. Rowe Price Investment Management Inc. lessened its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 552,279 shares of the semiconductor company's stock after selling 28,504 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.19% of Diodes worth $23,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIOD. Global Alpha Capital Management Ltd. grew its holdings in Diodes by 107.6% during the first 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 during the period. Dimensional Fund Advisors LP grew its holdings in Diodes by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock worth $138,053,000 after acquiring an additional 168,545 shares during the period. Nuveen LLC acquired a new position in Diodes during the first quarter worth $5,593,000. Tributary Capital Management LLC grew its holdings in Diodes by 26.0% during the first quarter. Tributary Capital Management LLC now owns 367,306 shares of the semiconductor company's stock worth $15,857,000 after acquiring an additional 75,682 shares during the period. Finally, Quantbot Technologies LP grew its holdings in Diodes by 5,672.1% during the first quarter. Quantbot Technologies LP now owns 73,594 shares of the semiconductor company's stock worth $3,177,000 after acquiring an additional 72,319 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Price Performance

DIOD traded up $0.88 during trading on Wednesday, reaching $56.19. 514,629 shares of the stock were exchanged, compared to its average volume of 509,923. The business's 50 day moving average price is $53.20 and its two-hundred day moving average price is $47.96. 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 company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 41.01 and a beta of 1.47. Diodes Incorporated has a 1 year low of $32.93 and a 1 year high of $70.98.

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

Diodes announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

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