Vanguard Group Inc. Sells 19,571 Shares of Diodes Incorporated $DIOD

Key Points

• Vanguard Group Inc. reduced its stake in Diodes Incorporated by 0.3%, holding approximately 12.68% of the company worth $254.32 million after selling 19,571 shares in the 1st quarter.
• Several institutional investors increased their positions in Diodes, highlighting significant interest in the company, with over 99% of its stock owned by institutional investors and hedge funds.
• Diodes reported a quarterly revenue of $366.20 million, exceeding analysts' expectations, and announced a $100 million share buyback program, indicating the board's belief in the stock's value.

Vanguard Group Inc. trimmed its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,891,195 shares of the semiconductor company's stock after selling 19,571 shares during the quarter. Vanguard Group Inc. owned 12.68% of Diodes worth $254,323,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DIOD. Signaturefd LLC boosted its holdings in shares of Diodes by 170.1% during the first quarter. Signaturefd LLC now owns 597 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 376 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Diodes by 789.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock worth $80,000 after buying an additional 1,145 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Diodes in the first quarter valued at about $212,000. Integrated Investment Consultants LLC purchased a new stake in shares of Diodes during the first quarter valued at approximately $227,000. Finally, First National Advisers LLC acquired a new position in Diodes in the 1st quarter worth $236,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Price Performance

Shares of NASDAQ:DIOD traded up $2.9290 on Friday, hitting $56.1390. The stock had a trading volume of 236,625 shares, compared to its average volume of 510,856. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 40.87 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $72.76. The firm's 50 day moving average price is $52.86 and its 200-day moving average price is $48.05.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. The business had revenue of $366.20 million for the quarter, compared to analyst estimates of $352.08 million. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Diodes has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes declared that its board has initiated a share buyback plan on Thursday, May 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $62.00 price target (up from $55.00) on shares of Diodes in a research note on Friday, June 13th. Wall Street Zen raised Diodes from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, Zacks Research raised Diodes to a "strong sell" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $55.00.

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.