37,584 Shares in Diodes Incorporated $DIOD Acquired by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors acquired 37,584 Diodes shares during the second quarter, valued at approximately $4.1 million, giving it a 0.08% stake. Institutional investors collectively own 99.23% of the company.
• Analysts remain generally bullish, with Diodes carrying an average “Buy” rating and a consensus price target of $135. Truist lowered its target to $133, while Wall Street Zen and Zacks upgraded the stock to “Strong Buy.”
• Diodes exceeded quarterly expectations, reporting $0.70 EPS versus a $0.63 estimate and $445.5 million in revenue, up 21.7% year over year. However, insiders sold 41,370 shares worth about $4.5 million over the last quarter.

Great Lakes Advisors LLC acquired a new stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,584 shares of the semiconductor company's stock, valued at approximately $4,113,000. Great Lakes Advisors LLC owned about 0.08% of Diodes at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in shares of Diodes by 3.1% in the 4th quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company's stock valued at $241,000 after purchasing an additional 145 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Diodes by 2.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company's stock worth $416,000 after buying an additional 186 shares in the last quarter. Strs Ohio lifted its position in shares of Diodes by 2.2% during the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company's stock worth $449,000 after buying an additional 200 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of 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 during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company's stock valued at $25,000 after buying an additional 205 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIOD has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on Diodes from $139.00 to $133.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Wall Street Zen raised shares of Diodes from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Robert W. Baird set a $192.00 price objective on shares of Diodes in a research report on Thursday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Diodes in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $135.00.

Insider Activity at Diodes

In related news, insider Richard Dallas White sold 3,000 shares of Diodes stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $106.17, for a total transaction of $318,510.00. Following the transaction, the insider owned 8,071 shares of the company's stock, valued at $856,898.07. The trade was a 27.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary Yu sold 3,632 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the transaction, the chief executive officer directly owned 108,147 shares of the company's stock, valued at approximately $11,904,821.76. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 41,370 shares of company stock worth $4,541,771. Corporate insiders own 1.70% of the company's stock.

Diodes Stock Performance

NASDAQ:DIOD opened at $90.74 on Friday. The stock has a market cap of $4.18 billion, a P/E ratio of 49.05 and a beta of 1.91. 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 stock's 50-day moving average is $98.34 and its 200-day moving average is $88.83. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $125.99.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $436.60 million. During the same quarter last year, the business earned $0.32 EPS. The firm'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 research analysts anticipate that Diodes Incorporated will post 3.15 earnings per share for the current year.

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.

Want to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated (NASDAQ:DIOD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source