6,363 Diodes Incorporated $DIOD Shares Sold by Summit Global Investments

Summit Global Investments lessened its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 50.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,167 shares of the semiconductor company’s stock after selling 6,363 shares during the quarter. Summit Global Investments’ holdings in Diodes were worth $597,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DIOD. Andar Capital Management HK Ltd acquired a new stake in Diodes in the 2nd quarter valued at about $80,000,000. BlackRock Inc. acquired a new position in Diodes during the second quarter worth about $803,920,000. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after purchasing an additional 53,934 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Diodes in the second quarter valued at about $184,153,000. Finally, Artemis Investment Management LLP lifted its holdings in shares of Diodes by 28.3% in the third quarter. Artemis Investment Management LLP now owns 450,633 shares of the semiconductor company’s stock valued at $43,617,000 after purchasing an additional 99,286 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIOD has been the topic of several research reports. Truist Financial cut their target price on Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Diodes in a research report on Tuesday, October 13th. Bank of America started coverage on Diodes in a research report on Tuesday, October 6th. They set a “buy” rating and a $135.00 price target for the company. Wells Fargo & Company set a $135.00 price target on Diodes in a research note on Tuesday, October 6th. Finally, Zacks Research downgraded Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.83.

Diodes Stock Down 0.5%

Shares of Diodes stock opened at $79.72 on Tuesday. The company has a fifty day moving average price of $91.13 and a 200 day moving average price of $87.52. The company has a current ratio of 3.17, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $125.99. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 43.09 and a beta of 1.90.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) 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 firm had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s quarterly 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. Equities research analysts forecast that Diodes Incorporated will post 3.18 earnings per share for the current fiscal year.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a semiconductor manufacturer that designs, manufactures and supplies discrete, analog, and mixed-signal semiconductor products. Its portfolio includes diodes, rectifiers, transistors, MOSFETs, power-management devices, protection products, logic components, LED drivers, and application-specific semiconductor solutions.

The company’s products are used in power conversion and management, signal processing, circuit protection, lighting, automotive systems, communications equipment, and consumer and industrial electronics.