Universal Beteiligungs und Servicegesellschaft mbH Has $925,000 Stock Holdings in Diodes Incorporated $DIOD

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake by 73.7% in Diodes during Q4, ending with 18,740 shares worth $925,000 after selling 52,426 shares.
• Despite 99.23% institutional ownership, insiders have recently sold shares — including Director Keh Shew Lu's 111,000-share sale (~$7.52M) — with total insider sales of 115,680 shares (~$7.8M) over the last three months.
• Diodes beat quarterly EPS and revenue estimates (EPS $0.34 vs. $0.26; revenue $391.6M, +15.4% YoY), and analysts have raised ratings/price targets, leaving a consensus "Moderate Buy" with an average target of $92.67.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 73.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,740 shares of the semiconductor company's stock after selling 52,426 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Diodes were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DIOD. AQR Capital Management LLC increased its stake in shares of Diodes by 12.4% in the first quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company's stock worth $260,000 after acquiring an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Diodes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company's stock worth $1,172,000 after acquiring an additional 1,186 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Diodes by 13.8% in the first quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company's stock worth $16,880,000 after acquiring an additional 47,500 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Diodes in the first quarter worth $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Diodes by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company's stock worth $4,521,000 after acquiring an additional 6,708 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Performance

Shares of NASDAQ:DIOD opened at $108.24 on Monday. The stock has a market capitalization of $4.98 billion, a PE ratio of 76.23 and a beta of 1.93. Diodes Incorporated has a 1 year low of $37.97 and a 1 year high of $108.87. The firm has a fifty day moving average price of $76.62 and a 200 day moving average price of $61.93. The company has a current ratio of 3.32, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The company had revenue of $391.58 million during the quarter, compared to analysts' expectations of $380.03 million. During the same period in the prior year, the company earned $0.27 earnings per share. The business's quarterly revenue was up 15.4% compared to the same quarter last year. Analysts expect that Diodes Incorporated will post 2.45 EPS for the current fiscal year.

Insider Activity

In other Diodes news, Director Keh Shew Lu sold 111,000 shares of the company's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the completion of the sale, the director directly owned 180,131 shares in the company, valued at $12,205,676.56. This represents a 38.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the company's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $50,505.50. Following the sale, the chief financial officer owned 67,141 shares of the company's stock, valued at $4,085,529.85. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,680 shares of company stock valued at $7,806,138 over the last three months. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIOD. Robert W. Baird upped their price objective on shares of Diodes from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Tuesday, April 7th. Benchmark upped their price objective on shares of Diodes from $62.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Weiss Ratings upgraded shares of Diodes from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Finally, Truist Financial upgraded shares of Diodes from a "hold" rating to a "buy" rating and upped their price objective for the stock from $67.00 to $98.00 in a report on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Diodes presently has an average rating of "Moderate Buy" and an average target price of $92.67.

About Diodes

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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