Sherbrooke Park Advisers LLC Acquires New Holdings in Diodes Incorporated (NASDAQ:DIOD)

Sherbrooke Park Advisers LLC acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,620 shares of the semiconductor company’s stock, valued at approximately $347,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its position 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 during the period. Quantbot Technologies LP acquired a new position in Diodes during the 4th quarter worth approximately $79,000. Sterling Capital Management LLC boosted its position in Diodes by 789.7% during the 4th 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 during the last quarter. KBC Group NV boosted its position in Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 533 shares during the last quarter. Finally, Xponance Inc. acquired a new position in Diodes during the 4th quarter worth approximately $203,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DIOD shares. Truist Financial reduced their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th. Benchmark reduced their price target on Diodes from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Robert W. Baird raised Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, April 7th. Finally, Baird R W raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.67.

Diodes Trading Up 0.3%

NASDAQ DIOD opened at $48.62 on Monday. The company has a market cap of $2.26 billion, a PE ratio of 51.18 and a beta of 1.37. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $86.74. The stock has a 50 day moving average of $41.13 and a 200-day moving average of $52.77.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The company 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 3.28% and a net margin of 3.36%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, equities research analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Diodes announced that its board has approved a stock repurchase plan on Thursday, May 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is 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.