Wedge Capital Management L L P NC Grows Holdings in Diodes Incorporated $DIOD

Key Points

• Wedge Capital Management increased its Diodes holdings by 179.2% in the second quarter, reaching 75,885 shares valued at approximately $8.3 million. Institutional investors collectively own 99.23% of the company.
• Diodes reported quarterly earnings of $0.70 per share, beating estimates of $0.63, while revenue rose 21.7% year over year to $445.5 million. The stock was trading at $107.04, up 3.8%.
• Analysts maintain a generally positive view, with an average “Buy” rating and a consensus price target of $135.00, although insiders have sold 45,370 shares worth nearly $4.94 million over the past 90 days.

Wedge Capital Management L L P NC increased its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 179.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,885 shares of the semiconductor company's stock after acquiring an additional 48,701 shares during the quarter. Wedge Capital Management L L P NC owned about 0.17% of Diodes worth $8,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of DIOD. EverSource Wealth Advisors LLC grew its holdings in Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 205 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Diodes during the second quarter valued at approximately $30,000. Quarry LP purchased a new position in shares of Diodes during the third quarter valued at approximately $39,000. Finally, Global Retirement Partners LLC boosted its position in shares of Diodes by 563.1% in 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 in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Trading Up 3.8%

NASDAQ:DIOD opened at $107.04 on Thursday. The company's 50 day moving average price is $99.08 and its 200-day moving average price is $87.13. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $125.99. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 57.86 and a beta of 1.91.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings data 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. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The company had revenue of $445.53 million during the quarter, compared to analyst estimates of $436.60 million. During the same period in the previous year, the business earned $0.32 EPS. 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. On average, equities research analysts forecast that Diodes Incorporated will post 3.15 earnings per share for the current fiscal year.

Insider Activity

In other Diodes news, SVP Emily Yang sold 3,000 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total transaction of $330,240.00. Following the transaction, the senior vice president owned 61,878 shares in the company, valued at approximately $6,811,530.24. This represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jin Zhao sold 3,689 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $106.86, for a total transaction of $394,206.54. Following the sale, the insider directly owned 43,531 shares in the company, valued at approximately $4,651,722.66. The trade was a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 45,370 shares of company stock valued at $4,938,331. Corporate insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research upgraded Diodes from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Truist Financial dropped their target price on Diodes from $139.00 to $133.00 and set a "buy" rating on the stock in a 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, Robert W. Baird set a $192.00 price target on Diodes in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $135.00.

Diodes Company 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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