BUZZ-Semiconductor maker Diodes declines on planned convertible

** On Aug. 5, DIOD posted Q2 rev up 22% yr/yr to $445.5 mln and adj EPS of 70 cents compared to 32 cents profit a yr-ago, driven by expanding content in automotive, industrial and AI server-related applications

** Even with the decline, stock up ~23% in Aug. and has roughly doubled YTD

** Three analysts cover the stock, and rating breakdown is 1 "strong buy", 1 "buy", 1 "sell"; there are 2 PTs of $133 and $192, per LSEG data

** Semiconductor products maker Diodes' DIOD.O shares down 5.6% at $101.08 on Thurs as it seeks capital raise

** Plano, Texas-based firm early Thurs says offering privately $325 mln convertible bonds due Aug. 15, 2031

** Co intends to use some net proceeds to pay for capped call transactions and up to $35 mln to repurchase its shares to help stem potential dilution

** It plans to use remainder for general purposes, including potential acquisitions

** Co has roughly $4.7 bln current market cap