Diodes (NASDAQ:DIOD) Stock Lifted to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Diodes (NASDAQ:DIOD) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

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

Diodes Stock Performance

Shares of DIOD stock opened at $81.07 on Friday. Diodes has a 12-month low of $42.28 and a 12-month high of $125.99. 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 firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 43.82 and a beta of 1.90. The business has a 50 day simple moving average of $92.51 and a 200 day simple moving average of $96.84.

Diodes (NASDAQ:DIOD) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $436.60 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The firm’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, equities research analysts anticipate that Diodes will post 3.18 EPS for the current year.

Institutional Investors Weigh In On Diodes

A number of hedge funds have recently bought and sold shares of DIOD. Andar Capital Management HK Ltd bought a new position in Diodes during the second quarter worth $80,000,000. BlackRock Inc. acquired a new position in Diodes during the 2nd quarter valued at $803,920,000. Dimensional Fund Advisors LP boosted its holdings in Diodes by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after purchasing an additional 53,934 shares during the period. William Blair Investment Management LLC bought a new stake in Diodes in the 2nd quarter valued at $184,153,000. Finally, Artemis Investment Management LLP grew its position in Diodes by 28.3% in the 3rd quarter. Artemis Investment Management LLP now owns 450,633 shares of the semiconductor company’s stock worth $43,617,000 after purchasing an additional 99,286 shares during the last quarter. 99.23% of the stock is currently owned by 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.