First National Bank of Omaha acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 34,531 shares of the semiconductor company’s stock, valued at approximately $3,779,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DIOD. BlackRock Inc. acquired a new stake in shares of Diodes in the 2nd quarter valued at $803,920,000. Deutsche Bank AG acquired a new stake in shares of Diodes during the 2nd quarter worth about $5,352,000. Andar Capital Management HK Ltd acquired a new stake in shares of Diodes during the 2nd quarter worth about $8,755,000. Global Retirement Partners LLC bought a new position in Diodes during the 2nd quarter valued at about $118,000. Finally, Bank of New York Mellon Corp bought a new position in Diodes during the 2nd quarter valued at about $41,421,000. 99.23% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, SVP Emily Yang sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $330,240.00. Following the transaction, the senior vice president owned 61,878 shares in the company, valued at $6,811,530.24. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary Yu sold 3,632 shares of Diodes stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the sale, the chief executive officer owned 108,147 shares of the company’s stock, valued at approximately $11,904,821.76. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 41,370 shares of company stock worth $4,541,771. 1.70% of the stock is currently owned by company insiders.
Diodes Price Performance
Diodes (NASDAQ:DIOD – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The firm had revenue of $445.53 million during the quarter, compared to analysts’ expectations of $436.60 million. During the same quarter in the previous year, the company posted $0.32 EPS. Diodes’s revenue was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Sell-side analysts anticipate that Diodes Incorporated will post 3.15 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Robert W. Baird set a $192.00 price objective on shares of Diodes in a research note on Thursday, August 6th. Truist Financial cut their target price on shares of Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. Finally, Wall Street Zen raised Diodes from a “buy” rating to a “strong-buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Diodes currently has an average rating of “Buy” and an average target price of $135.00.
Read Our Latest Stock Analysis on DIOD
Diodes Profile
Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.
Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.
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