Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 98,146 shares of the semiconductor company’s stock, valued at approximately $10,741,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DIOD. EverSource Wealth Advisors LLC raised its holdings in Diodes by 77.4% in 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 in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of Diodes in the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC boosted its holdings in shares of Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Quarry LP purchased a new position in shares of Diodes in the 3rd quarter worth approximately $39,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Diodes in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on DIOD shares. Truist Financial decreased their target price on shares of Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Diodes in a report on Wednesday, July 15th. Wall Street Zen raised Diodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Finally, Robert W. Baird set a $192.00 target price on Diodes in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diodes presently has a consensus rating of “Buy” and a consensus price target of $135.00.
Diodes Trading Down 2.6%
Shares of NASDAQ:DIOD opened at $90.54 on Thursday. 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 52-week low of $42.28 and a 52-week high of $125.99. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 48.94 and a beta of 1.91. The business has a 50-day moving average price of $96.89 and a 200-day moving average price of $89.74.
Diodes (NASDAQ:DIOD – Get Free Report) last issued its quarterly earnings results 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 company had revenue of $445.53 million for the quarter, compared to the consensus estimate of $436.60 million. During the same quarter in the prior year, the company earned $0.32 EPS. Diodes’s quarterly revenue was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Equities analysts predict that Diodes Incorporated will post 3.15 EPS for the current year.
Insider Buying and Selling at Diodes
In related news, insider Richard Dallas White sold 3,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $106.17, for a total transaction of $318,510.00. Following the completion of the transaction, the insider owned 8,071 shares of the company’s stock, valued at $856,898.07. This trade represents a 27.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the transaction, the chief technology officer owned 71,438 shares of the company’s stock, valued at $8,003,913.52. This represents a 17.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.70% of the stock is owned by corporate insiders.
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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