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

State of Alaska Department of Revenue trimmed its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 54.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,737 shares of the semiconductor company’s stock after selling 9,368 shares during the quarter. State of Alaska Department of Revenue’s holdings in Diodes were worth $748,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DIOD. Integrated Wealth Concepts LLC acquired a new stake in Diodes during the second quarter valued at $35,000. Farther Finance Advisors LLC increased its holdings in Diodes by 38.9% in the third quarter. Farther Finance Advisors LLC now owns 543 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 152 shares in the last quarter. State of Wyoming purchased a new position in Diodes in the second quarter valued at $110,000. Global Retirement Partners LLC acquired a new position in shares of Diodes in the second quarter worth about $118,000. Finally, Nykredit A S acquired a new position in shares of Diodes in the second quarter worth about $135,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Price Performance

Diodes stock opened at $81.64 on Friday. The stock has a market capitalization of $3.76 billion, a P/E ratio of 44.13 and a beta of 1.90. The company’s fifty day moving average price is $92.96 and its 200 day moving average price is $96.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.17. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $125.99.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data 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 net margin of 5.27% and a return on equity of 4.33%. The company had revenue of $445.53 million during the quarter, compared to analysts’ expectations of $436.60 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, equities research analysts anticipate that Diodes Incorporated will post 3.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird set a $192.00 target price on shares of Diodes in a research note on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research note on Tuesday, October 13th. Wall Street Zen cut Diodes from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Truist Financial reduced their price target on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Wells Fargo & Company set a $135.00 price target on Diodes in a research report on Tuesday, October 6th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

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.