Legal & General Group Plc Takes Position in Diodes Incorporated $DIOD

Legal & General Group Plc purchased a new position in Diodes Incorporated (NASDAQ:DIOD) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 108,160 shares of the semiconductor company’s stock, valued at approximately $11,837,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd purchased a new position in Diodes in the 2nd quarter valued at $80,000,000. BlackRock Inc. acquired a new stake in Diodes during the 2nd quarter worth $803,920,000. Vanguard Group Inc. grew its holdings in shares of Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after buying an additional 166,603 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Diodes by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock worth $166,294,000 after buying an additional 53,934 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Diodes in the second quarter valued at about $184,153,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DIOD shares. Wall Street Zen raised shares of Diodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Truist Financial cut their price objective 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. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Robert W. Baird set a $192.00 target price on Diodes in a report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $135.00.

Diodes Stock Performance

Shares of Diodes stock opened at $90.80 on Tuesday. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $125.99. The business’s fifty day simple moving average is $95.04 and its 200-day simple moving average is $90.35. The firm has a market cap of $4.18 billion, a PE ratio of 49.08 and a beta of 1.91. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results 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. The business had revenue of $445.53 million during the quarter, compared to analysts’ expectations of $436.60 million. Diodes had a return on equity of 4.33% and a net margin of 5.27%.The company’s revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Equities analysts forecast that Diodes Incorporated will post 3.15 earnings per share for the current year.

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.