Diodes Incorporated $DIOD Stock Bought by Artemis Investment Management LLP

Artemis Investment Management LLP grew its holdings in Diodes Incorporated (NASDAQ:DIOD – Free Report) by 28.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 450,633 shares of the semiconductor company’s stock after buying an additional 99,286 shares during the period. Artemis Investment Management LLP’s holdings in Diodes were worth $43,617,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DIOD. BlackRock Inc. acquired a new stake in shares of Diodes during the 2nd quarter worth about $803,920,000. William Blair Investment Management LLC purchased a new position in Diodes during the second quarter worth about $184,153,000. Dimensional Fund Advisors LP increased its position in shares of Diodes by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after acquiring an additional 53,934 shares during the last quarter. Andar Capital Management HK Ltd acquired a new stake in shares of Diodes during the second quarter valued at about $80,000,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Diodes in the 2nd quarter valued at approximately $41,421,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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Diodes Stock Down 4.5%

Diodes stock traded down $4.54 during mid-day trading on Thursday, reaching $96.11. 104,898 shares of the company’s stock were exchanged, compared to its average volume of 567,528. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $125.99. The company has a market cap of $4.43 billion, a P/E ratio of 51.95 and a beta of 1.90. The company has a fifty day moving average of $94.25 and a 200-day moving average of $95.46.

Diodes (NASDAQ:DIOD – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 EPS 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 business had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Sell-side analysts expect that Diodes Incorporated will post 3.15 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on DIOD shares. Bank of America initiated coverage on shares of Diodes in a report on Tuesday. They issued a “buy” rating and a $135.00 price objective on the stock. Robert W. Baird set a $192.00 target price on Diodes in a research report on Thursday, August 6th. Truist Financial decreased their price target on Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zacks Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Company set a $135.00 price objective on Diodes in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

View Our Latest Stock Analysis on Diodes

Diodes Profile

(Free Report)

Diodes Incorporated (NASDAQ: DIOD) is a semiconductor manufacturer that designs, manufactures and sells products used to manage, control and protect electrical power and signals. Its portfolio includes discrete semiconductor devices, power management products, standard and application-specific logic devices, analog components and mixed-signal products.

The company’s products include rectifiers, transistors, MOSFETs, bipolar transistors, diodes, protection devices, LED drivers, voltage regulators, converters, switches and signal-integrity components.

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