Universal Beteiligungs und Servicegesellschaft mbH Takes $2.03 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 46,938 shares of the semiconductor company’s stock, valued at approximately $2,026,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its position in 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 increased its position in 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 purchasing an additional 1,145 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Diodes during the first quarter worth about $212,000. Brevan Howard Capital Management LP acquired a new stake in Diodes during the fourth quarter worth about $251,000. Finally, QRG Capital Management Inc. increased its position in Diodes by 5.4% during the first quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 323 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Price Performance

DIOD opened at $51.12 on Thursday. The stock’s 50-day moving average price is $51.61 and its 200 day moving average price is $49.00. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $80.07. The company has a current ratio of 3.43, a quick ratio of 2.11 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 92.95 and a beta of 1.46.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. Diodes had a return on equity of 3.04% and a net margin of 1.90%. The firm had revenue of $332.11 million for the quarter, compared to analyst estimates of $323.28 million. During the same quarter in the prior year, the company earned $0.28 EPS. Diodes’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DIOD shares. Benchmark restated a “buy” rating and set a $62.00 price objective (up from $55.00) on shares of Diodes in a research report on Friday, June 13th. Baird R W upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Robert W. Baird raised shares of Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, April 7th. Finally, Wall Street Zen cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Diodes 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.