8,735 Shares in Diodes Incorporated (NASDAQ:DIOD) Bought by Numerai GP LLC

Numerai GP LLC acquired a new stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,735 shares of the semiconductor company's stock, valued at approximately $539,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Diodes by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,962 shares of the semiconductor company's stock valued at $1,601,000 after purchasing an additional 1,000 shares during the period. Frontier Capital Management Co. LLC grew its stake in shares of Diodes by 14.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 552,054 shares of the semiconductor company's stock valued at $34,045,000 after buying an additional 68,823 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Diodes by 40.1% during the fourth quarter. Deutsche Bank AG now owns 44,314 shares of the semiconductor company's stock worth $2,733,000 after purchasing an additional 12,683 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Diodes during the fourth quarter valued at about $251,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Diodes by 3.4% during the 4th quarter. Ameriprise Financial Inc. now owns 170,226 shares of the semiconductor company's stock valued at $10,498,000 after buying an additional 5,660 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Stock Performance

Shares of NASDAQ:DIOD traded up $0.07 during trading on Tuesday, reaching $47.81. The stock had a trading volume of 124,101 shares, compared to its average volume of 424,780. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $86.74. The stock has a fifty day simple moving average of $41.14 and a two-hundred day simple moving average of $52.68. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 50.33 and a beta of 1.37.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $332.11 million for the quarter, compared to the consensus estimate of $323.28 million. Diodes had a return on equity of 3.28% and a net margin of 3.36%. Diodes's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. As a group, analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Diodes declared that its Board of Directors has authorized a share buyback program on Thursday, May 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Truist Financial dropped their price objective on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th. Robert W. Baird raised Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price target on the stock in a report on Monday, April 7th. Benchmark lowered their price objective on Diodes from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, Baird R W upgraded Diodes from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $52.67.

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.