William Blair Investment Management LLC purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 1,682,686 shares of the semiconductor company’s stock, valued at approximately $184,153,000.
Several other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Diodes in the second quarter valued at about $30,000. Farther Finance Advisors LLC lifted its position in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Quarry LP acquired a new position in Diodes during the 3rd quarter worth about $39,000. Finally, Kestra Advisory Services LLC bought a new stake in Diodes during the 4th quarter worth about $40,000. Institutional investors own 99.23% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Diodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Robert W. Baird set a $192.00 price target on shares of Diodes in a report on Thursday, August 6th. Truist Financial reduced their price objective on Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Diodes presently has an average rating of “Buy” and an average price target of $135.00.
Diodes Trading Up 3.6%
NASDAQ DIOD opened at $94.04 on Friday. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $125.99. The stock has a 50-day simple moving average of $98.05 and a 200 day simple moving average of $88.87. The company has a current ratio of 3.17, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.33 billion, a PE ratio of 50.83 and a beta of 1.91.
Diodes (NASDAQ:DIOD – Get Free Report) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $445.53 million for the quarter, compared to analysts’ expectations of $436.60 million. Diodes had a return on equity of 4.33% and a net margin of 5.27%.The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 earnings per share. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Research analysts forecast that Diodes Incorporated will post 3.15 EPS for the current year.
Insider Transactions at Diodes
In related news, CTO Francis Tang sold 15,330 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the sale, the chief technology officer owned 71,438 shares of the company’s stock, valued at approximately $8,003,913.52. This trade represents a 17.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard Dallas White sold 3,000 shares of Diodes stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $106.17, for a total value of $318,510.00. Following the transaction, the insider owned 8,071 shares in the company, valued at approximately $856,898.07. This represents a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 41,370 shares of company stock valued at $4,541,771. Corporate insiders own 1.70% of the company’s stock.
About Diodes
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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