UBS Group AG Decreases Stock Holdings in Diodes Incorporated $DIOD

Key Points

• UBS Group AG cut its Diodes stake by 35.4% in the fourth quarter, selling 25,028 shares and ending with 45,685 shares worth about $2.25 million.
• Wall Street sentiment remains positive, with multiple analysts upgrading Diodes and the consensus rating at “Buy” with an average price target of $113.
• Diodes posted strong quarterly results, beating EPS and revenue estimates and delivering 22.1% year-over-year revenue growth, though recent insider selling has drawn some caution.

UBS Group AG trimmed its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,685 shares of the semiconductor company's stock after selling 25,028 shares during the quarter. UBS Group AG owned about 0.10% of Diodes worth $2,254,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in shares of Diodes by 27.0% during the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company's stock valued at $7,763,000 after acquiring an additional 31,013 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Diodes by 178,733.7% during the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company's stock valued at $19,508,000 after acquiring an additional 366,404 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Diodes by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company's stock valued at $24,712,000 after acquiring an additional 153,905 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Diodes during the fourth quarter valued at about $476,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Diodes by 8.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company's stock valued at $12,104,000 after acquiring an additional 17,363 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIOD. Zacks Research upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Truist Financial upped their price objective on shares of Diodes from $98.00 to $139.00 and gave the company a "buy" rating in a report on Friday, May 8th. Benchmark upped their price objective on shares of Diodes from $62.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $120.00 price objective on shares of Diodes in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $113.00.

Insider Buying and Selling at Diodes

In other Diodes news, insider Jin Zhao sold 3,689 shares of Diodes stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.86, for a total transaction of $394,206.54. Following the completion of the transaction, the insider owned 43,531 shares in the company, valued at approximately $4,651,722.66. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 16,556 shares of the company's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total value of $1,710,897.04. Following the completion of the sale, the chief financial officer owned 44,632 shares in the company, valued at $4,612,270.88. The trade was a 27.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 52,651 shares of company stock worth $5,580,823. Insiders own 1.70% of the company's stock.

Key Headlines Impacting Diodes

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ recent earnings results were strong, with the company beating EPS and revenue expectations and delivering year-over-year revenue growth, helping support the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting momentum from improved operating performance and broader investor optimism.
• Negative Sentiment: A cluster of insider sales by the CEO, CTO, SVP, and other executives may raise concern that management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $109.13 on Thursday. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $117.80. The company's 50 day moving average is $89.54 and its 200 day moving average is $67.84. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The company has a market cap of $5.01 billion, a PE ratio of 59.31 and a beta of 1.93.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. During the same quarter in the prior year, the company earned $0.19 EPS. Diodes's quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts forecast that Diodes Incorporated will post 2.58 EPS for the current year.

Diodes Company Profile

Diodes Incorporated NASDAQ: DIOD is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.

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