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

Wedge Capital Management L L P NC increased its position in Diodes Incorporated (NASDAQ:DIOD) by 179.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,885 shares of the semiconductor company’s stock after acquiring an additional 48,701 shares during the period. Wedge Capital Management L L P NC’s holdings in Diodes were worth $8,305,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DIOD. EverSource Wealth Advisors LLC lifted 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 valued at $25,000 after acquiring an additional 205 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Diodes by 51.4% during the 4th 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 during the period. Geneos Wealth Management Inc. bought a new stake in shares of Diodes during the 2nd quarter valued at about $30,000. Quarry LP purchased a new stake in shares of Diodes during the 3rd quarter valued at about $39,000. Finally, Global Retirement Partners LLC increased its position in shares of Diodes by 563.1% during the 4th quarter. Global Retirement Partners LLC now owns 809 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 687 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIOD. Weiss Ratings reissued a “hold (c)” rating on shares of Diodes in a report on Wednesday, July 15th. Robert W. Baird set a $192.00 target price on shares of Diodes in a report on Thursday, August 6th. Truist Financial reduced their target price on shares of Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $135.00.

Diodes Stock Performance

NASDAQ:DIOD opened at $107.04 on Thursday. The stock has a 50-day simple moving average of $99.08 and a two-hundred day simple moving average of $87.13. Diodes Incorporated has a 52-week low of $42.28 and a 52-week high of $125.99. 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 firm has a market capitalization of $4.93 billion, a PE ratio of 57.86 and a beta of 1.91.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $436.60 million. During the same quarter last year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Analysts forecast that Diodes Incorporated will post 3.15 EPS for the current year.

Insider Buying and Selling

In other Diodes news, CEO Gary Yu sold 3,632 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the transaction, the chief executive officer directly owned 108,147 shares in the company, valued at $11,904,821.76. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Emily Yang sold 3,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total transaction of $330,240.00. Following the completion of the sale, the senior vice president directly owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. This trade represents a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,370 shares of company stock worth $4,938,331 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Diodes 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.