Legal & General Group Plc Invests $11.84 Million in Diodes Incorporated $DIOD

Legal & General Group Plc bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 108,160 shares of the semiconductor company’s stock, valued at approximately $11,837,000. Legal & General Group Plc owned about 0.23% of Diodes at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIOD. Andar Capital Management HK Ltd acquired a new stake in Diodes during the 2nd quarter worth about $80,000,000. BlackRock Inc. acquired a new position in shares of Diodes in the 2nd quarter valued at about $803,920,000. Vanguard Group Inc. boosted its stake in shares of Diodes by 2.8% in 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $166,294,000 after buying an additional 53,934 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Diodes during the second quarter worth about $184,153,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on DIOD. Robert W. Baird set a $192.00 price target on Diodes 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. Wall Street Zen raised shares of Diodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. Finally, Truist Financial lowered their price target on shares of Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $135.00.

Diodes Stock Up 3.2%

Diodes stock opened at $90.80 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.99. The stock has a market capitalization of $4.18 billion, a PE ratio of 49.08 and a beta of 1.91. The business has a 50 day simple moving average of $95.04 and a 200-day simple moving average of $90.35. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $125.99.

Diodes (NASDAQ:DIOD) last released its quarterly 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. The firm had revenue of $445.53 million for the quarter, compared to analysts’ expectations of $436.60 million. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. On average, analysts anticipate that Diodes Incorporated will post 3.15 EPS 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.