Diodes Incorporated $DIOD Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in Diodes Incorporated (NASDAQ:DIOD) by 54.8% during the third quarter, HoldingsChannel.com reports. The fund owned 7,737 shares of the semiconductor company’s stock after selling 9,368 shares during the period. State of Alaska Department of Revenue’s holdings in Diodes were worth $748,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Diodes in the 2nd quarter valued at $803,920,000. William Blair Investment Management LLC purchased a new position in Diodes in the 2nd quarter valued at $184,153,000. Dimensional Fund Advisors LP boosted its stake in Diodes by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock worth $166,294,000 after purchasing an additional 53,934 shares during the last quarter. Andar Capital Management HK Ltd acquired a new stake in Diodes during the 2nd quarter worth $80,000,000. Finally, Artemis Investment Management LLP boosted its stake in Diodes by 28.3% during the 3rd quarter. Artemis Investment Management LLP now owns 450,633 shares of the semiconductor company’s stock worth $43,617,000 after purchasing an additional 99,286 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIOD has been the subject of a number of recent research reports. Truist Financial reduced their target price on shares of Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Robert W. Baird set a $192.00 price target on shares of Diodes in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Diodes from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Bank of America initiated coverage on shares of Diodes in a research note on Tuesday, October 6th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, Zacks Research cut Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Diodes presently has an average rating of “Moderate Buy” and an average target price of $135.00.

Diodes Trading Down 8.1%

Shares of DIOD stock opened at $81.64 on Friday. The company’s 50-day moving average price is $92.96 and its 200-day moving average price is $96.95. 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 stock has a market cap of $3.76 billion, a price-to-earnings ratio of 44.13 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 released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The firm had revenue of $445.53 million during the quarter, compared to analysts’ expectations of $436.60 million. During the same period last year, the business earned $0.32 earnings per share. Diodes’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. As a group, equities analysts predict that Diodes Incorporated will post 3.18 earnings per share for the current year.

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.