UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Diodes Incorporated (NASDAQ:DIOD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 26.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,011 shares of the semiconductor company's stock after buying 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 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Sovereign s Capital Management LLC purchased a new position in Diodes in the fourth quarter valued at about $2,460,000. Squarepoint Ops LLC grew its holdings in shares of Diodes by 24.3% in the 4th quarter. Squarepoint Ops LLC now owns 25,288 shares of the semiconductor company's stock worth $1,560,000 after acquiring an additional 4,943 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in Diodes in the 4th quarter valued at approximately $347,000. ProShare Advisors LLC increased its stake in Diodes by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 13,762 shares of the semiconductor company's stock valued at $849,000 after purchasing an additional 4,230 shares in the last quarter. Finally, Numerai GP LLC acquired a new position in Diodes during the fourth quarter worth $539,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Diodes Trading Down 0.9%

Shares of NASDAQ:DIOD traded down $0.42 during midday trading on Thursday, reaching $47.51. The company's stock had a trading volume of 230,562 shares, compared to its average volume of 430,100. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 49.87 and a beta of 1.42. The business has a 50 day moving average price of $41.11 and a 200 day moving average price of $51.64. Diodes Incorporated has a 1 year low of $32.93 and a 1 year high of $86.74. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $332.11 million during the quarter, compared to analysts' expectations of $323.28 million. Diodes had a return on equity of 3.28% and a net margin of 3.36%. The firm's revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. Research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes declared that its Board of Directors has authorized a share 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 buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Diodes 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.