PDT Partners LLC Buys New Shares in Diodes Incorporated $DIOD

PDT Partners LLC purchased a new stake in Diodes Incorporated (NASDAQ:DIOD) during the 2nd quarter, Holdings Channel reports. The firm purchased 46,218 shares of the semiconductor company’s stock, valued at approximately $5,058,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIOD. EverSource Wealth Advisors LLC boosted its stake in shares of Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in Diodes during the second quarter worth about $30,000. Quarry LP acquired a new position in Diodes during the third quarter valued at approximately $39,000. Finally, Global Retirement Partners LLC boosted its position in Diodes by 563.1% during the fourth 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. 99.23% of the stock is owned by institutional investors.

Diodes Trading Up 3.6%

Diodes stock opened at $92.95 on Wednesday. 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 stock has a market capitalization of $4.28 billion, a P/E ratio of 50.24 and a beta of 1.91. The stock has a 50-day simple moving average of $97.25 and a 200 day simple moving average of $89.52.

Diodes (NASDAQ:DIOD) last announced 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. 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 in the previous year, the business earned $0.32 earnings per share. The business’s 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. Analysts expect that Diodes Incorporated will post 3.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Wall Street Zen raised Diodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Truist Financial cut their price objective on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a report on Wednesday, July 15th. Finally, Robert W. Baird set a $192.00 target price on shares of Diodes in a report on Thursday, August 6th. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $135.00.

Insider Buying and Selling

In related news, insider Richard Dallas White sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $106.17, for a total transaction of $318,510.00. Following the transaction, the insider directly owned 8,071 shares of the company’s stock, valued at approximately $856,898.07. The trade was a 27.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Francis Tang sold 15,330 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $112.04, for a total value of $1,717,573.20. Following the completion of the sale, the chief technology officer owned 71,438 shares in the company, valued at approximately $8,003,913.52. This trade represents a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.70% of the stock is currently owned by insiders.

About Diodes

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.