195,305 Shares in Diodes Incorporated $DIOD Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 195,305 Diodes shares worth approximately $21.4 million, representing about 0.42% of the semiconductor company. Institutional investors collectively own 99.23% of DIOD.
• Diodes exceeded quarterly expectations, reporting $0.70 in EPS versus the $0.63 consensus and $445.5 million in revenue, up 21.7% year over year. The company issued third-quarter 2026 EPS guidance of $0.95–$1.15.
• Analyst sentiment is generally positive: Diodes has an average “Buy” rating and a $135 price target, while shares recently opened at $95.51.

Bank of America Corp DE acquired a new stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 195,305 shares of the semiconductor company's stock, valued at approximately $21,374,000. Bank of America Corp DE owned about 0.42% of Diodes at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Freestone Grove Partners LP acquired a new position in shares of Diodes in the 2nd quarter valued at $354,000. Odyssean LLC bought a new stake in shares of Diodes in the 2nd quarter valued at $342,000. Man Group plc acquired a new stake in Diodes during the 2nd quarter worth $1,874,000. Jupiter Topco LLC bought a new position in Diodes during the second quarter worth about $7,062,000. Finally, J. Goldman & Co LP bought a new position in Diodes during the second quarter worth about $2,908,000. Institutional investors own 99.23% of the company's stock.

Diodes Price Performance

Shares of DIOD opened at $95.51 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 twelve month low of $42.28 and a twelve month high of $125.99. The stock has a market capitalization of $4.40 billion, a P/E ratio of 51.63 and a beta of 1.89. The company has a 50 day moving average of $91.86 and a 200-day moving average of $92.99.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $436.60 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The firm's revenue for the quarter was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, equities research analysts forecast that Diodes Incorporated will post 3.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIOD has been the subject of a number of research analyst reports. Robert W. Baird set a $192.00 target price on Diodes in a research note on Thursday, August 6th. Truist Financial lowered their target price on Diodes from $139.00 to $133.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Wall Street Zen raised shares of Diodes from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Diodes in a report on Wednesday, July 15th. Finally, Zacks Research raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. 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, Diodes currently has an average rating of "Buy" and an average target price of $135.00.

Diodes Company Profile

Diodes Incorporated is a semiconductor manufacturer that develops, manufactures and sells discrete, analog, mixed-signal and logic products. Its portfolio includes rectifiers, diodes, transistors, power-management devices, voltage regulators, load switches, signal-integrity components, timing products and automotive-qualified semiconductor solutions.

The company's products are used in power conversion, protection, switching, connectivity and signal-processing applications across the automotive, industrial, consumer electronics, computing, communications and healthcare markets.

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