Diodes (NASDAQ:DIOD) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Diodes (NASDAQ:DIOD) from a buy rating to a hold rating in a report released on Saturday.

Several other analysts have also recently commented on the company. Zacks Research upgraded Diodes to a “strong sell” rating in a report on Friday, August 8th. Benchmark reiterated a “buy” rating and issued a $62.00 target price (up from $55.00) on shares of Diodes in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.00.

Diodes Stock Performance

Diodes stock opened at $55.26 on Friday. The business has a 50 day moving average of $53.09 and a 200-day moving average of $47.91. Diodes has a 1 year low of $32.93 and a 1 year high of $72.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.33 and a quick ratio of 2.04. The company has a market capitalization of $2.57 billion, a P/E ratio of 40.34 and a beta of 1.47.

Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The business had revenue of $366.20 million for the quarter, compared to analysts’ expectations of $352.08 million. During the same period in the prior year, the business posted $0.33 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. Diodes has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Diodes will post 1.82 earnings per share for the current year.

Diodes declared that its board has initiated a share repurchase program on Thursday, May 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Diodes

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Diodes by 170.1% during the 1st quarter. Signaturefd LLC now owns 597 shares of the semiconductor company’s stock worth $26,000 after buying an additional 376 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Diodes by 283.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Diodes during the second quarter worth approximately $30,000. Finally, Fifth Third Bancorp raised its position in shares of Diodes by 85.8% during the second quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 290 shares during the period. 99.23% of the stock is currently owned by institutional investors.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.