378,480 Shares in Diodes Incorporated $DIOD Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 378,480 Diodes shares worth approximately $41.4 million, representing about 0.82% of the semiconductor company. Institutional investors and hedge funds collectively own 99.23% of DIOD.
• Analyst sentiment is broadly positive, with an average “Buy” rating and a consensus price target of $135.00; two firms recently upgraded the stock to “Strong Buy.”
• Diodes exceeded quarterly expectations, reporting $0.70 in earnings per share versus the $0.63 consensus and $445.5 million in revenue, up 21.7% year over year. Shares opened at $88.00, down 3.1%.

Bank of New York Mellon Corp bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 378,480 shares of the semiconductor company's stock, valued at approximately $41,421,000. Bank of New York Mellon Corp owned about 0.82% of Diodes as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 205 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in Diodes during the 2nd quarter valued at approximately $30,000. Quarry LP bought a new position in Diodes during the 3rd quarter worth approximately $39,000. Finally, Global Retirement Partners LLC raised its holdings in Diodes by 563.1% during the 4th quarter. Global Retirement Partners LLC now owns 809 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 687 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Diodes from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Zacks Research upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Robert W. Baird set a $192.00 target price on shares of Diodes in a research note on Thursday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of Diodes in a report on Wednesday, July 15th. Finally, Truist Financial decreased their price target on shares of Diodes from $139.00 to $133.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. One research 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 company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $135.00.

Diodes Stock Down 3.1%

Shares of NASDAQ DIOD opened at $88.00 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.99. The stock has a market capitalization of $4.05 billion, a PE ratio of 47.57 and a beta of 1.91. Diodes Incorporated has a one year low of $42.28 and a one year high of $125.99. The business's fifty day moving average price is $95.68 and its 200-day moving average price is $89.94.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. The firm had revenue of $445.53 million during the quarter, compared to analyst estimates of $436.60 million. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The company's quarterly revenue was up 21.7% on a year-over-year basis. 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. On average, equities research analysts anticipate that Diodes Incorporated will post 3.15 EPS for the current year.

Diodes Profile

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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