Diodes Incorporated (NASDAQ:DIOD) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 570,564 shares of the semiconductor company's stock after purchasing an additional 49,377 shares during the period. Northern Trust Corp owned 1.23% of Diodes worth $35,187,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after buying an additional 522 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Diodes in the 4th quarter worth about $79,000. Sterling Capital Management LLC raised its holdings in shares of Diodes by 789.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock worth $80,000 after acquiring an additional 1,145 shares in the last quarter. KBC Group NV raised its holdings in shares of Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after purchasing an additional 533 shares in the last quarter. Finally, Xponance Inc. acquired a new stake in shares of Diodes in the fourth quarter worth $203,000. Institutional investors and hedge funds own 99.23% of the company's stock.

Analyst Upgrades and Downgrades

DIOD has been the topic of a number of recent research reports. Truist Financial decreased their price objective on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a report on Wednesday, February 12th. Baird R W raised Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Robert W. Baird upgraded Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price target on the stock in a research note on Monday, April 7th. Finally, Benchmark reduced their price target on Diodes from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $52.67.

Diodes Trading Up 2.1%

DIOD traded up $0.98 on Tuesday, hitting $48.55. 643,125 shares of the company were exchanged, compared to its average volume of 422,563. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $86.74. The stock has a market capitalization of $2.26 billion, a PE ratio of 51.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The firm has a fifty day simple moving average of $41.06 and a two-hundred day simple moving average of $53.14.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $332.11 million for the quarter, compared to analysts' expectations of $323.28 million. Diodes had a net margin of 3.36% and a return on equity of 3.28%. The business's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. Sell-side analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes declared that its Board of Directors has approved a share repurchase plan on Thursday, May 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.