D. E. Shaw & Co. Inc. Has $20.36 Million Holdings in Diodes Incorporated (NASDAQ:DIOD)

D. E. Shaw & Co. Inc. lessened its holdings in Diodes Incorporated (NASDAQ:DIOD) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 330,059 shares of the semiconductor company’s stock after selling 34,719 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Diodes were worth $20,355,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its stake in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP bought a new position in Diodes in the 4th quarter valued at approximately $79,000. Sterling Capital Management LLC boosted its position in Diodes by 789.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock valued at $80,000 after buying an additional 1,145 shares in the last quarter. KBC Group NV boosted its position in Diodes by 36.7% in the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 533 shares in the last quarter. Finally, Xponance Inc. bought a new stake in shares of Diodes during the fourth quarter worth $203,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Baird R W upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Robert W. Baird raised 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. Benchmark dropped their target price on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Finally, Truist Financial reduced their price target on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th. Two research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.00.

Diodes Price Performance

DIOD stock opened at $44.91 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $86.74. The company has a market capitalization of $2.09 billion, a P/E ratio of 47.27 and a beta of 1.37. The company has a fifty day moving average price of $41.09 and a 200-day moving average price of $53.26.

Diodes (NASDAQ:DIOD) 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. Diodes had a return on equity of 3.28% and a net margin of 3.36%. The firm had revenue of $332.11 million for the quarter, compared to the consensus estimate of $323.28 million. During the same period in the previous year, the business earned $0.28 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes declared that its board has approved a share buyback program on Thursday, May 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically an indication 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.