Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Diodes Incorporated (NASDAQ:DIOD)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,938 shares of the semiconductor company's stock, valued at approximately $2,026,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Diodes at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Diodes during the 4th quarter valued at about $580,000. LPL Financial LLC increased its stake in Diodes by 20.6% during the fourth quarter. LPL Financial LLC now owns 45,094 shares of the semiconductor company's stock worth $2,755,000 after acquiring an additional 7,697 shares during the last quarter. Vanguard Group Inc. raised its position in Diodes by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company's stock valued at $364,517,000 after purchasing an additional 102,263 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Diodes by 55.9% in the 4th quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company's stock valued at $21,806,000 after purchasing an additional 126,853 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Diodes in the 4th quarter worth approximately $33,933,000. 99.23% of the stock is owned by institutional investors.

Diodes Trading Down 0.9%

Shares of DIOD stock traded down $0.46 on Friday, reaching $48.91. 552,177 shares of the company's stock were exchanged, compared to its average volume of 372,044. The company's fifty day simple moving average is $51.76 and its 200 day simple moving average is $48.78. The stock has a market capitalization of $2.27 billion, a PE ratio of 88.93 and a beta of 1.47. The company has a current ratio of 3.43, a quick ratio of 2.11 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $72.76.

Diodes (NASDAQ:DIOD - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $332.11 million during the quarter, compared to the consensus estimate of $323.28 million. Diodes had a return on equity of 3.04% and a net margin of 1.90%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes announced that its board has authorized a stock buyback plan on Thursday, May 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the semiconductor company to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on DIOD. Baird R W upgraded Diodes from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Wall Street Zen raised shares of Diodes from a "hold" rating to a "buy" rating in a research note on Sunday. 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. Finally, Benchmark reiterated a "buy" rating and set a $62.00 price target (up from $55.00) on shares of Diodes in a report on Friday, June 13th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Diodes currently has an average rating of "Buy" and a consensus price target of $55.00.

About Diodes

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.