Corebridge Financial Inc. Sells 468 Shares of Diodes Incorporated $DIOD

Corebridge Financial Inc. lessened its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.9% in the first quarter, Holdings Channel.com reports. The firm owned 23,843 shares of the semiconductor company’s stock after selling 468 shares during the period. Corebridge Financial Inc.’s holdings in Diodes were worth $1,029,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Northern Trust Corp grew its holdings in shares of Diodes by 9.5% during the fourth quarter. Northern Trust Corp now owns 570,564 shares of the semiconductor company’s stock worth $35,187,000 after buying an additional 49,377 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Diodes during the 4th quarter worth approximately $499,000. Comerica Bank raised its holdings in shares of Diodes by 17.8% in the fourth quarter. Comerica Bank now owns 49,727 shares of the semiconductor company’s stock valued at $3,067,000 after purchasing an additional 7,499 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Diodes by 3.4% in the fourth quarter. Ameriprise Financial Inc. now owns 170,226 shares of the semiconductor company’s stock worth $10,498,000 after purchasing an additional 5,660 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of Diodes in the fourth quarter worth $251,000. 99.23% of the stock is currently owned by institutional investors.

Insider Transactions at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 2,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total value of $111,800.00. Following the transaction, the chief financial officer directly owned 48,777 shares of the company’s stock, valued at $2,726,634.30. This represents a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total value of $56,360.00. Following the sale, the senior vice president directly owned 59,479 shares of the company’s stock, valued at approximately $3,352,236.44. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DIOD shares. Zacks Research upgraded shares of Diodes to a “strong sell” rating in a research note on Friday, August 8th. Benchmark reaffirmed a “buy” rating and issued a $62.00 target price (up previously from $55.00) on shares of Diodes in a research report on Friday, June 13th. Finally, Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Diodes presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Diodes Stock Performance

DIOD opened at $53.46 on Friday. The company has a quick ratio of 2.04, a current ratio of 3.33 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 $67.40. The business has a 50 day moving average of $53.58 and a 200-day moving average of $48.07. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 39.02 and a beta of 1.55.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The business had revenue of $366.20 million for the quarter, compared to analyst estimates of $352.08 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. Diodes has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year.

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

About Diodes

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.