Diodes (NASDAQ:DIOD) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research cut shares of Diodes (NASDAQ:DIOD) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diodes in a report on Wednesday, July 15th. Robert W. Baird set a $192.00 price objective on shares of Diodes in a report on Thursday, August 6th. Bank of America started coverage on Diodes in a research report on Tuesday. They issued a “buy” rating and a $135.00 price objective for the company. Wells Fargo & Company set a $135.00 price objective on Diodes in a research note on Tuesday. Finally, Wall Street Zen cut Diodes from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.00.

Diodes Price Performance

NASDAQ DIOD opened at $107.74 on Monday. The firm has a market cap of $4.96 billion, a P/E ratio of 58.24 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.99. The stock’s 50-day moving average is $93.76 and its two-hundred day moving average is $95.22. Diodes has a fifty-two week low of $42.28 and a fifty-two week high of $125.99.

Diodes (NASDAQ:DIOD) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Diodes had a return on equity of 4.33% and a net margin of 5.27%.The firm had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. On average, analysts anticipate that Diodes will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in Diodes during the 2nd quarter worth about $10,112,000. Bank of America Corp DE bought a new position in shares of Diodes in the 2nd quarter valued at about $21,374,000. HighTower Advisors LLC boosted its stake in shares of Diodes by 1,033.0% in the 2nd quarter. HighTower Advisors LLC now owns 38,726 shares of the semiconductor company’s stock valued at $4,238,000 after purchasing an additional 35,308 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Diodes by 23.8% during the 1st quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company’s stock worth $3,753,000 after buying an additional 10,579 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Diodes during the second quarter worth approximately $2,473,000. 99.23% of the stock is currently owned by institutional investors.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a semiconductor manufacturer that designs, manufactures and sells products used to manage, control and protect electrical power and signals. Its portfolio includes discrete semiconductor devices, power management products, standard and application-specific logic devices, analog components and mixed-signal products.

The company’s products include rectifiers, transistors, MOSFETs, bipolar transistors, diodes, protection devices, LED drivers, voltage regulators, converters, switches and signal-integrity components.