The Manufacturers Life Insurance Company Invests $2.47 Million in Diodes Incorporated $DIOD

The Manufacturers Life Insurance Company bought a new stake in Diodes Incorporated (NASDAQ:DIOD) during the 2nd quarter, HoldingsChannel reports. The fund bought 22,595 shares of the semiconductor company’s stock, valued at approximately $2,473,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DIOD. Captrust Financial Advisors raised its holdings in Diodes by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 145 shares in the last quarter. Strs Ohio boosted its holdings in Diodes by 2.2% in the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock valued at $449,000 after purchasing an additional 200 shares in the last quarter. Farther Finance Advisors LLC increased its position in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 200 shares during the period. EverSource Wealth Advisors LLC increased its position in 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 purchasing an additional 205 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Diodes by 2.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,248 shares of the semiconductor company’s stock worth $407,000 after buying an additional 233 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Price Performance

DIOD stock opened at $90.03 on Thursday. The firm has a 50 day moving average of $94.08 and a 200-day moving average of $90.54. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 48.67 and a beta of 1.89. The company has a current ratio of 3.17, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. 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 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 for the quarter, compared to analysts’ expectations of $436.60 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The company’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 expect that Diodes Incorporated will post 3.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on DIOD shares. Wall Street Zen raised Diodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Robert W. Baird set a $192.00 price objective on Diodes in a research report on Thursday, August 6th. Truist Financial reduced their target price 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 research report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $135.00.

Diodes 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.