Diodes Incorporated (NASDAQ:DIOD) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 26.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 98,011 shares of the semiconductor company's stock after acquiring an additional 20,513 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Diodes worth $6,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DIOD. Barclays PLC lifted its holdings in Diodes by 361.1% in the third quarter. Barclays PLC now owns 79,799 shares of the semiconductor company's stock worth $5,114,000 after purchasing an additional 62,492 shares during the period. KBC Group NV increased its stake in Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after buying an additional 533 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Diodes by 50.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company's stock worth $15,795,000 after buying an additional 85,943 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Diodes by 0.6% in the 4th quarter. Rhumbline Advisers now owns 138,468 shares of the semiconductor company's stock worth $8,539,000 after acquiring an additional 838 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Diodes by 35.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 38,376 shares of the semiconductor company's stock worth $2,367,000 after acquiring an additional 9,970 shares during the period. Institutional investors own 99.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on DIOD. Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Benchmark decreased their price target on Diodes from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Robert W. Baird upgraded Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price target on the stock in a research report on Monday, April 7th. Finally, Truist Financial cut their price objective on Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Diodes has an average rating of "Moderate Buy" and an average price target of $52.67.

Diodes Price Performance

Shares of DIOD traded up $1.93 during mid-day trading on Friday, hitting $49.40. The company's stock had a trading volume of 517,627 shares, compared to its average volume of 433,202. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The firm has a 50-day moving average price of $41.32 and a 200 day moving average price of $51.56. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $86.74. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 52.00 and a beta of 1.42.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The firm had revenue of $332.11 million during the quarter, compared to analysts' expectations of $323.28 million. Diodes had a net margin of 3.36% and a return on equity of 3.28%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. On average, research analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Diodes announced that its Board of Directors has initiated a share repurchase program on Thursday, May 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership 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.