Diodes (NASDAQ:DIOD) Stock Rating Upgraded by Wall Street Zen

Diodes (NASDAQ:DIOD) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company set a $135.00 price target on shares of Diodes in a research report on Tuesday, October 6th. Truist Financial cut their price objective on Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Bank of America assumed coverage on Diodes in a research report on Tuesday, October 6th. They issued a “buy” rating and a $135.00 price objective on the stock. Robert W. Baird set a $192.00 price objective on Diodes in a research note on Thursday, August 6th. Finally, Needham & Company LLC assumed coverage on Diodes in a research report on Friday. They issued a “buy” rating and a $110.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.83.

Diodes Stock Performance

Shares of DIOD stock opened at $81.07 on Friday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 43.82 and a beta of 1.90. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. Diodes has a fifty-two week low of $42.28 and a fifty-two week high of $125.99. The firm’s 50 day moving average price is $92.51 and its two-hundred day moving average price is $97.00.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $436.60 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s quarterly 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. On average, analysts anticipate that Diodes will post 3.18 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DIOD. Wellington Management Group LLP purchased a new stake in Diodes during the 2nd quarter worth $10,112,000. Bank of America Corp DE purchased a new position in Diodes in the 2nd quarter valued at about $21,374,000. The Manufacturers Life Insurance Company purchased a new position in Diodes in the 2nd quarter valued at about $2,473,000. HighTower Advisors LLC boosted its position in 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 buying an additional 35,308 shares during the last quarter. Finally, J. Goldman & Co LP acquired a new stake in shares of Diodes during the second quarter valued at about $2,908,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Company 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.