Brokerages Set Diodes Incorporated (NASDAQ:DIOD) Target Price at $135.00

Diodes Incorporated (NASDAQ:DIOD) has received an average recommendation of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $135.00.

DIOD has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Diodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Truist Financial reduced their price objective on shares of Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. Finally, Robert W. Baird set a $192.00 target price on shares of Diodes in a report on Thursday, August 6th.

Diodes Trading Down 0.4%

Shares of Diodes stock opened at $95.51 on Friday. Diodes has a 12-month low of $42.28 and a 12-month high of $125.99. The stock has a market cap of $4.40 billion, a P/E ratio of 51.63 and a beta of 1.89. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $91.86 and its 200-day moving average is $92.99.

Diodes (NASDAQ:DIOD) last released 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 net margin of 5.27% and a return on equity of 4.33%. The business had revenue of $445.53 million during the quarter, compared to analysts’ expectations of $436.60 million. During the same period last year, the business earned $0.32 earnings per share. The firm’s revenue was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Equities research analysts predict that Diodes will post 3.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Diodes

Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Diodes by 2.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,248 shares of the semiconductor company’s stock valued at $407,000 after buying an additional 233 shares during the period. ProShare Advisors LLC increased its stake in Diodes by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 8,932 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 274 shares during the period. GAMMA Investing LLC raised its holdings in Diodes by 8.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company’s stock valued at $382,000 after acquiring an additional 287 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Diodes in the 2nd quarter valued at $35,000. Finally, Easterly Investment Partners LLC lifted its position in shares of Diodes by 2.9% during the 4th quarter. Easterly Investment Partners LLC now owns 13,848 shares of the semiconductor company’s stock valued at $683,000 after acquiring an additional 391 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

About Diodes

Diodes Incorporated is a semiconductor manufacturer that develops, manufactures and sells discrete, analog, mixed-signal and logic products. Its portfolio includes rectifiers, diodes, transistors, power-management devices, voltage regulators, load switches, signal-integrity components, timing products and automotive-qualified semiconductor solutions.

The company’s products are used in power conversion, protection, switching, connectivity and signal-processing applications across the automotive, industrial, consumer electronics, computing, communications and healthcare markets.