Diodes Incorporated $DIOD Shares Acquired by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Diodes stake by 10,536.9% in the second quarter, ending with 5.85 million shares worth about $640.1 million, or 12.7% of the company. Overall, institutional investors own 99.23% of DIOD shares.
• Analyst sentiment is generally positive: Diodes has an average “Buy” rating and a consensus price target of $135, with recent upgrades from Zacks Research and Wall Street Zen to “Strong Buy.”
• Diodes beat quarterly expectations with earnings of $0.70 per share versus $0.63 expected, while revenue rose 21.7% year over year to $445.5 million. The stock opened at $90.31 and has traded between $42.28 and $125.99 over the past year.

California State Teachers Retirement System raised its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 10,536.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,848,911 shares of the semiconductor company's stock after buying an additional 5,793,924 shares during the period. California State Teachers Retirement System owned about 12.70% of Diodes worth $640,105,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Andar Capital Management HK Ltd acquired a new position in shares of Diodes in the second quarter valued at approximately $80,000,000. BlackRock Inc. acquired a new position in Diodes in the 2nd quarter valued at $803,920,000. William Blair Investment Management LLC purchased a new position in shares of Diodes during the 2nd quarter worth $184,153,000. Bank of New York Mellon Corp purchased a new position in shares of Diodes during the 2nd quarter worth $41,421,000. Finally, Bank of America Corp DE acquired a new stake in shares of Diodes during the second quarter worth $21,374,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DIOD shares. Robert W. Baird set a $192.00 price objective on Diodes in a research report on Thursday, August 6th. Zacks Research raised Diodes from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Truist Financial lowered their price target on Diodes from $139.00 to $133.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Diodes in a research note on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Diodes from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $135.00.

Diodes Price Performance

DIOD stock opened at $90.31 on Tuesday. The company has a market cap of $4.16 billion, a PE ratio of 48.82 and a beta of 1.89. 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 has a 50-day moving average price of $92.15 and a two-hundred day moving average price of $91.81. Diodes Incorporated has a 12-month low of $42.28 and a 12-month high of $125.99.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Diodes had a return on equity of 4.33% and a net margin of 5.27%.The business had revenue of $445.53 million for the quarter, compared to analyst estimates of $436.60 million. During the same period in the previous year, the company posted $0.32 EPS. The company's 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. As a group, research analysts predict that Diodes Incorporated will post 3.15 EPS for the current year.

About Diodes

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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