HighTower Advisors LLC Acquires 35,308 Shares of Diodes Incorporated $DIOD

Key Points

• HighTower Advisors increased its Diodes stake by 1,033% in the second quarter, buying 35,308 additional shares for a total holding of 38,726 shares valued at approximately $4.24 million.
• Institutional ownership remains very high at 99.23%, with several other firms adding positions, including Wellington Management and Andar Capital Management.
• Diodes exceeded quarterly earnings and revenue expectations, reporting $0.70 EPS and $445.53 million in revenue. Analysts maintain a consensus “Buy” rating with an average price target of $135, versus a recent price near $95.

HighTower Advisors LLC increased its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 1,033.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,726 shares of the semiconductor company's stock after purchasing an additional 35,308 shares during the quarter. HighTower Advisors LLC owned 0.08% of Diodes worth $4,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DIOD. Wellington Management Group LLP bought a new position in shares of Diodes in the second quarter worth approximately $10,112,000. California State Teachers Retirement System increased its stake in shares of Diodes by 23.8% in the first quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company's stock worth $3,753,000 after buying an additional 10,579 shares during the period. Bessemer Group Inc. raised its holdings in Diodes by 14.5% during the 4th quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company's stock valued at $20,707,000 after buying an additional 53,039 shares during the last quarter. Man Group plc purchased a new stake in Diodes during the 2nd quarter valued at $1,874,000. Finally, Andar Capital Management HK Ltd purchased a new stake in Diodes during the 2nd quarter valued at $80,000,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Price Performance

NASDAQ DIOD opened at $95.01 on Friday. The business's fifty day moving average price is $92.30 and its 200-day moving average price is $91.50. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 51.36 and a beta of 1.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.99. 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 posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. The company had revenue of $445.53 million during the quarter, compared to analysts' expectations of $436.60 million. Diodes had a return on equity of 4.33% and a net margin of 5.27%.Diodes's revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior 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 analysts predict that Diodes Incorporated will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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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