T. Rowe Price Investment Management Inc. Cuts 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 the company in its most recent filing 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 about 1.19% of Diodes worth $23,842,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Diodes by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 230,728 shares of the semiconductor company's stock valued at $9,961,000 after purchasing an additional 5,931 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Diodes by 19.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company's stock valued at $810,000 after purchasing an additional 3,092 shares during the period. GAMMA Investing LLC increased its holdings in Diodes by 4,211.7% during the 1st quarter. GAMMA Investing LLC now owns 35,313 shares of the semiconductor company's stock valued at $1,524,000 after purchasing an additional 34,494 shares during the period. SG Americas Securities LLC purchased a new position in Diodes during the 1st quarter valued at about $952,000. Finally, QRG Capital Management Inc. grew its holdings in shares of Diodes by 5.4% during the 1st quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company's stock worth $272,000 after acquiring an additional 323 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

Diodes Stock Down 0.4%

Shares of Diodes stock traded down $0.21 during midday trading on Friday, hitting $55.61. The company had a trading volume of 57,278 shares, compared to its average volume of 507,318. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. The stock has a market capitalization of $2.58 billion, a P/E ratio of 40.59 and a beta of 1.47. The company has a 50 day moving average of $53.43 and a 200 day moving average of $48.04. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $70.98.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share for the quarter, topping the consensus estimate 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%.The firm's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. Diodes has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

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

Insider Activity at Diodes

In related news, CFO Brett R. Whitmire sold 2,000 shares of the company's stock in a transaction that occurred 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. This represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Emily Yang sold 1,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 59,479 shares in the company, valued at $3,352,236.44. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

DIOD has been the topic of a number of research analyst reports. Zacks Research upgraded Diodes to a "strong sell" rating in a report on Friday, August 8th. Wall Street Zen downgraded Diodes from a "buy" rating to a "hold" rating in a report on Saturday, August 23rd. Finally, Benchmark reiterated a "buy" rating and set a $62.00 target price (up previously from $55.00) on shares of Diodes in a report on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Diodes currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.00.

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.