William Blair Investment Management LLC Acquires Shares of 1,682,686 Diodes Incorporated $DIOD

Key Points

• William Blair Investment Management acquired 1.68 million Diodes shares worth approximately $184.2 million, giving it a 3.65% stake. Institutional investors and hedge funds collectively own 99.23% of the company.
• Analyst sentiment is broadly positive: Diodes has a consensus “Buy” rating and an average price target of $135, despite Truist lowering its target to $133.
• Diodes exceeded quarterly expectations with EPS of $0.70 versus $0.63 expected and revenue of $445.5 million, up 21.7% year over year. The company issued third-quarter fiscal 2026 EPS guidance of $0.95 to $1.15.

William Blair Investment Management LLC acquired a new stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,682,686 shares of the semiconductor company's stock, valued at approximately $184,153,000. William Blair Investment Management LLC owned approximately 3.65% of Diodes at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. California State Teachers Retirement System increased its holdings in Diodes by 23.8% in the 1st quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company's stock worth $3,753,000 after acquiring an additional 10,579 shares in the last quarter. Bessemer Group Inc. raised its position in Diodes by 14.5% during the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company's stock worth $20,707,000 after acquiring an additional 53,039 shares during the period. Evergreen Capital Management LLC purchased a new position in Diodes during the fourth quarter valued at $476,000. Vanguard Group Inc. lifted its holdings in Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company's stock valued at $303,681,000 after purchasing an additional 166,603 shares in the last quarter. Finally, Calamos Advisors LLC acquired a new stake in shares of Diodes in the first quarter valued at about $1,798,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Diodes news, insider Jin Zhao sold 3,689 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.86, for a total value of $394,206.54. Following the sale, the insider directly owned 43,531 shares in the company, valued at $4,651,722.66. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Francis Tang sold 15,330 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $112.04, for a total value of $1,717,573.20. Following the transaction, the chief technology officer owned 71,438 shares of the company's stock, valued at $8,003,913.52. This represents a 17.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,370 shares of company stock worth $4,541,771 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Truist Financial cut their target price 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Diodes in a research report on Wednesday, July 15th. Zacks Research raised Diodes from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Diodes from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Finally, Robert W. Baird set a $192.00 price objective on Diodes in a research report 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 stock. Based on data from MarketBeat.com, Diodes currently has a consensus rating of "Buy" and an average target price of $135.00.

Diodes Price Performance

NASDAQ:DIOD opened at $94.04 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.17. The company has a 50-day moving average of $98.05 and a 200-day moving average of $88.87. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $125.99. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 50.83 and a beta of 1.91.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, equities research analysts anticipate that Diodes Incorporated will post 3.15 earnings per share for the current fiscal year.

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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