Summit Global Investments Sells 6,363 Shares of Diodes Incorporated $DIOD

Summit Global Investments lowered its position in Diodes Incorporated (NASDAQ:DIOD) by 50.8% during the third quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Andar Capital Management HK Ltd acquired a new stake in Diodes in the second quarter valued at $80,000,000. BlackRock Inc. bought a new position in Diodes during the 2nd quarter worth $803,920,000. William Blair Investment Management LLC acquired a new stake in Diodes in the second quarter worth $184,153,000. Bank of New York Mellon Corp acquired a new stake in Diodes in the second quarter worth $41,421,000. Finally, Bank of America Corp DE acquired a new stake in Diodes in the second quarter worth $21,374,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Performance

DIOD opened at $79.72 on Tuesday. The company has a current ratio of 3.17, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $91.13 and its 200-day moving average is $87.52. The stock has a market cap of $3.67 billion, a PE ratio of 43.09 and a beta of 1.90. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $125.99.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping 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 business had revenue of $445.53 million during the quarter, compared to analyst estimates of $436.60 million. During the same period in the prior year, the company posted $0.32 EPS. 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. On average, analysts predict that Diodes Incorporated will post 3.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DIOD shares. Wells Fargo & Company set a $135.00 target price on Diodes in a research note on Tuesday, October 6th. Needham & Company LLC began coverage on shares of Diodes in a research report on Friday, October 23rd. They set a “buy” rating and a $110.00 price target for the company. Truist Financial dropped their price objective 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. Robert W. Baird set a $192.00 price objective on shares of Diodes in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Diodes in a research report on Tuesday, October 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Diodes has a consensus rating of “Moderate Buy” and a consensus price target of $130.83.

Diodes Profile

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.