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Held by 371 of 6,047 reporting institutions (95th percentile) — extremely crowded.
Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Ranked against 19 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VIAV | $11.2B | — | 74.1× | 7.4× | 40.0% | 57.7% | -2.0% | -2.1% | -1.8% | -2.8× | 540 |
| FORM | $10.9B | 202.4× | 114.3× | 13.9× | 2.8% | 39.3% | 6.9% | 5.3% | 5.2% | -1.0× | 484 |
| QRVO | $10.1B | 31.5× | 18.5× | 2.7× | -1.1% | 45.9% | 9.2% | 10.1% | 6.9% | 0.6× | 525 |
| AAOI | $9.3B | — | — | 20.4× | 82.8% | 30.0% | -8.4% | -5.2% | -4.8% | — | 468 |
| SIMO | $8.9B | 290.0× | 71.0× | 10.1× | 10.2% | 48.3% | 13.8% | 14.8% | 14.8% | -1.6× | 372 |
| MXL | $8.7B | — | — | 18.6× | 29.7% | 56.8% | -29.2% | -30.2% | -23.7% | — | 414 |
| SLAB | $7.4B | — | — | 9.4× | 34.3% | 58.2% | -8.3% | -5.9% | -5.9% | — | 349 |
| ALGM | $6.6B | — | 78.4× | 7.5× | 22.8% | 46.3% | -1.7% | -1.6% | -1.2% | 1.4× | 361 |
| CRUS | $5.4B | 13.6× | 8.9× | 2.7× | 5.3% | 52.8% | 20.7% | 19.5% | 19.5% | -1.6× | 556 |
| KLIC | $4.8B | — | — | 7.4× | -7.4% | 42.5% | 0.0% | 0.0% | 0.0% | -14.6× | 437 |
| SYNA | $4.8B | — | — | 4.0× | 11.4% | 44.7% | -41.0% | -52.8% | -27.8% | — | 361 |
| AXTI | $4.5B | — | — | 50.8× | -11.1% | 12.7% | -24.1% | -7.8% | -6.4% | — | 256 |
| DIOD | $4.4B | 66.4× | 25.7× | 3.0× | 13.0% | 31.2% | 4.5% | 3.5% | 3.5% | -2.2× | 371 |
| ENPH | $4.3B | 25.4× | 21.3× | 2.9× | 10.7% | 46.6% | 11.7% | 15.8% | 7.5% | 3.1× | 536 |
| PENG | $3.9B | 272.4× | 34.3× | 2.9× | 16.9% | 28.8% | 1.9% | 6.4% | 3.0% | 0.1× | 345 |
| IPGP | $3.3B | 107.2× | 36.6× | 3.3× | 2.7% | 38.0% | 3.1% | 1.5% | 1.5% | -5.0× | 349 |
| OSIS | $3.1B | 21.8× | 14.3× | 1.7× | 4.3% | 33.2% | 8.7% | 18.6% | 8.4% | 2.5× | 359 |
| UCTT | $3.1B | — | — | 1.5× | -2.1% | 15.7% | -8.8% | -25.5% | -15.3% | — | 419 |
| AMBA | $3.0B | — | — | 7.6× | 37.2% | 59.2% | -19.4% | -12.8% | -12.8% | — | 335 |
| NVTS | $2.8B | — | — | 61.6× | -44.9% | 31.0% | -255% | -26.4% | -26.4% | — | 347 |
Peers = companies sharing DIOD's sector (Semiconductors & Related Devices) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $90.62 today, the market must believe free cash flow compounds 22.5%/yr for a decade (off $104.6M on the 3-yr avg basis).
On the basis ($78.1M) the requirement is 26.8%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 22.5% is more optimistic than its 9-yr track record.
Default is 13.3% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.05B shares (market data) · net debt -$340.1M
mean 26.3% · volatility σ 76% · implied rate exceeded in 4/9 yrs
Central path = implied 22.5%/yr growth; shaded band = ±1σ (76%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $33.8M buybacks = $33.8M returned on $137.2M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 3%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $367.2M covers all $25.7M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~10.2% on $27.1M of debt.
Cash of $367.2M fully covers short-term debt of $1.4M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-12
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.48B 100.0% | $1.31B 100.0% | $1.66B 100.0% | $2.00B 100.0% | $1.81B 100.0% | $1.23B 100.0% | $1.25B 100.0% | $1.21B 100.0% | $1.05B 100.0% | $942.2M 100.0% |
| Cost of Revenue | $1.02B 68.8% | $875.3M 66.8% | $1.00B 60.4% | $1.17B 58.7% | $1.13B 62.9% | $798.1M 64.9% | $783.3M 62.7% | $778.7M 64.1% | $697.4M 66.2% | $655.2M 69.5% |
| Cost of Products | — | — | — | — | — | — | — | — | $697.4M 66.2% | $655.2M 69.5% |
| Gross Profit | $462.4M 31.2% | $435.9M 33.2% | $658.2M 39.6% | $827.2M 41.3% | $670.4M 37.1% | $431.1M 35.1% | $465.8M 37.3% | $435.3M 35.9% | $356.8M 33.8% | $286.9M 30.5% |
| Research & Development | $162.2M 10.9% | $134.1M 10.2% | $134.9M 8.1% | $126.3M 6.3% | $119.2M 6.6% | $94.3M 7.7% | $88.5M 7.1% | $86.3M 7.1% | $77.9M 7.4% | $69.9M 7.4% |
| Selling, General & Admin | $241.6M 16.3% | $233.9M 17.8% | $257.9M 15.5% | $280.9M 14.0% | $257.7M 14.3% | $185.1M 15.1% | $181.3M 14.5% | $176.2M 14.5% | $168.6M 16.0% | $158.3M 16.8% |
| Total Operating Expenses | $427.0M 28.8% | $385.4M 29.4% | $407.6M 24.5% | $419.0M 20.9% | $394.4M 21.8% | $296.8M 24.1% | $265.2M 21.2% | $280.8M 23.1% | $277.4M 26.3% | $248.9M 26.4% |
| Operating Income | $35.5M 2.4% | $50.5M 3.8% | $250.6M 15.1% | $408.2M 20.4% | $276.0M 15.3% | $134.3M 10.9% | $200.6M 16.1% | $154.5M 12.7% | $79.4M 7.5% | $38.0M 4.0% |
| Interest Expense | $2.8M 0.2% | $2.3M 0.2% | $5.7M 0.3% | $8.3M 0.4% | $7.5M 0.4% | $11.7M 0.9% | $7.9M 0.6% | $9.9M 0.8% | $13.4M 1.3% | $13.3M 1.4% |
| Other Income (Expense), net | $48.5M 3.3% | $12.2M 0.9% | $27.4M 1.6% | -$12.3M -0.6% | $39.1M 2.2% | -$14.0M -1.1% | -$2.4M -0.2% | -$4.5M -0.4% | -$16.8M -1.6% | -$13.0M -1.4% |
| Pretax Income | $84.0M 5.7% | $62.7M 4.8% | $277.9M 16.7% | $395.9M 19.8% | $315.1M 17.5% | $120.3M 9.8% | $198.2M 15.9% | $150.0M 12.4% | $62.6M 5.9% | $25.0M 2.7% |
| Income Tax Expense | $14.8M 1.0% | $11.8M 0.9% | $47.3M 2.8% | $56.7M 2.8% | $78.8M 4.4% | $21.1M 1.7% | $44.1M 3.5% | $44.6M 3.7% | $62.3M 5.9% | $6.6M 0.7% |
| Net Income | $66.1M 4.5% | $44.0M 3.4% | $227.2M 13.7% | $331.3M 16.6% | $228.8M 12.7% | $98.1M 8.0% | $153.3M 12.3% | $104.0M 8.6% | -$1.8M -0.2% | $15.9M 1.7% |
| Per Share | ||||||||||
| EPS (Basic) | $1.43 | $0.95 | $4.96 | $7.31 | $5.11 | $1.92 | $3.02 | $2.09 | -$0.04 | $0.33 |
| EPS (Diluted) | $1.43 | $0.95 | $4.91 | $7.20 | $5.00 | $1.88 | $2.96 | $2.04 | -$0.04 | $0.32 |
| Weighted Avg Shares (Basic) | 46.3M | 46.2M | 45.8M | 45.3M | 44.8M | 51.0M | 50.8M | 49.8M | 48.8M | 48.6M |
| Weighted Avg Shares (Diluted) | 46.4M | 46.4M | 46.3M | 46.0M | 45.8M | 52.1M | 51.9M | 50.9M | 48.8M | 49.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-12
Where each multiple sits in its own 14-yr range · 89th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 4% against ROIC 3% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 64.1 | 62.7 | 64.9 | 62.9 | 58.7 | 60.4 | 66.8 | 68.8 |
| Gross Profit | 35.9 | 37.3 | 35.1 | 37.1 | 41.3 | 39.6 | 33.2 | 31.2 |
| R&D | 7.1 | 7.1 | 7.7 | 6.6 | 6.3 | 8.1 | 10.2 | 10.9 |
| SG&A | 14.5 | 14.5 | 15.1 | 14.3 | 14.0 | 15.5 | 17.8 | 16.3 |
| Operating Income | 12.7 | 16.1 | 10.9 | 15.3 | 20.4 | 15.1 | 3.8 | 2.4 |
| Income Tax | 3.7 | 3.5 | 1.7 | 4.4 | 2.8 | 2.8 | 0.9 | 1.0 |
| Net Income | 8.6 | 12.3 | 8.0 | 12.7 | 16.6 | 13.7 | 3.4 | 4.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DIOD: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -11.49pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 16.1% | 13.3% (today's — no rate published for this year) | 2.8pts |
| FY2020 | 10.1% | 13.3% (today's — no rate published for this year) | -3.2pts |
| FY2021 | 18.2% | 7.0% | 11.1pts |
| FY2022 | 24.0% | 10.1% | 13.9pts |
| FY2023 | 13.5% | 10.0% | 3.6pts |
| FY2024 | 2.6% | 11.8% | -9.2pts |
| FY2025 | 1.8% | 11.8% | -9.9pts |
| Now | 3.5% | 13.3% | -9.8pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 30.5% | 4.0% | 1.7% |
| FY2017 | 33.8% | 7.5% | -0.2% |
| FY2018 | 35.9% | 12.7% | 8.6% |
| FY2019 | 37.3% | 16.1% | 12.3% |
| FY2020 | 35.1% | 10.9% | 8.0% |
| FY2021 | 37.1% | 15.3% | 12.7% |
| FY2022 | 41.3% | 20.4% | 16.6% |
| FY2023 | 39.6% | 15.1% | 13.7% |
| FY2024 | 33.2% | 3.8% | 3.4% |
| FY2025 | 31.2% | 2.4% | 4.5% |
Return on equity (4%) and return on invested capital (3%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$183M of goodwill — 11% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
Margins have compressed 3 years running even as the spread stayed positive.
Converts 1.02x of reported profit into free cash flow over 5 years, with accruals negative.
Reported free cash flow is $137M; after share-based compensation it is $111M. The difference is a real cost that the cash flow statement adds back.
Covers interest 8.9x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 12.77x |
| 5% | 12.14x |
| 10% | 11.50x |
| 15% | 10.86x |
| 20% | 10.22x |
| 25% | 9.58x |
| 30% | 8.94x |
| 35% | 8.30x |
| 40% | 7.66x |
| 45% | 7.03x |
| 50% | 6.39x |
| 55% | 5.75x |
| 60% | 5.11x |
Ladder as of 2025-12-31 (10-K); cash from the 2025-12-31 balance sheet; FCF from FY2025.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $39,679,000 of the $66,787,000 total — a fixed obligation that does not appear in a headline debt figure.
At $94.94, free cash flow must compound 23.43%/yr for 10 years. It has done 0.73%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −15.1% | 23.4% |
| FY2021 | 77.1% | 23.4% |
| FY2022 | −8.4% | 23.4% |
| FY2023 | −28.0% | 23.4% |
| FY2024 | −64.3% | 23.4% |
| FY2025 | 195.5% | 23.4% |
The implied rate has been matched or beaten in 2 of the last 6 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $66M | $66M |
| Share-based comp | $26M | $92M |
| Other non-cash & working capital | $124M | $216M |
| Operating cash flow | $216M | $216M |
| Capex | −$78M | $137M |
| Free cash flow | $137M | $137M |
| FCF after SBC | $111M | $111M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -1.6% | not reported | not reported |
| FY2021 | 46.9% | not reported | not reported |
| FY2022 | 10.8% | not reported | not reported |
| FY2023 | -16.9% | not reported | not reported |
| FY2024 | -21.1% | not reported | not reported |
| FY2025 | 13.0% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -4.7 percent |
| FY2020 | -4.5 percent |
| FY2021 | -5.0 percent |
| FY2022 | -2.7 percent |
| FY2023 | -2.3 percent |
| FY2024 | -3.2 percent |
| FY2025 | -6.1 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.