Summit Global Investments Takes $1.37 Million Position in Diodes Incorporated $DIOD

Summit Global Investments bought a new position in Diodes Incorporated (NASDAQ:DIOD) during the second quarter, Holdings Channel reports. The firm bought 12,530 shares of the semiconductor company’s stock, valued at approximately $1,371,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DIOD. AQR Capital Management LLC boosted its position in Diodes by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 663 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Diodes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock valued at $1,172,000 after buying an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Diodes by 13.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after purchasing an additional 47,500 shares during the period. Woodline Partners LP purchased a new position in shares of Diodes during the 1st quarter valued at approximately $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Diodes by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock valued at $4,521,000 after purchasing an additional 6,708 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Performance

NASDAQ:DIOD opened at $103.48 on Friday. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two 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 company has a 50 day moving average price of $98.82 and a 200 day moving average price of $87.53. The stock has a market capitalization of $4.77 billion, a P/E ratio of 55.94 and a beta of 1.91.

Diodes (NASDAQ:DIOD) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Diodes had a return on equity of 4.33% and a net margin of 5.27%.The company had revenue of $445.53 million for the quarter, compared to analyst estimates of $436.60 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. 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 3.15 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Francis Tang sold 15,330 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the completion of the transaction, the chief technology officer directly owned 71,438 shares in the company, valued at $8,003,913.52. This trade represents a 17.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Richard Dallas White sold 3,000 shares of Diodes stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $106.17, for a total value of $318,510.00. Following the completion of the transaction, the insider directly owned 8,071 shares of the company’s stock, valued at approximately $856,898.07. This represents a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 43,370 shares of company stock valued at $4,735,391. Insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Diodes from a “buy” rating to a “strong-buy” rating in a report on Saturday. Truist Financial lowered their price objective on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Diodes in a research note 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. 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 company’s stock. According to data from MarketBeat, Diodes has a consensus rating of “Buy” and an average price target of $135.00.

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.