Truist Financial Lowers Diodes (NASDAQ:DIOD) Price Target to $133.00

Diodes (NASDAQ:DIOD) had its price objective lowered by equities research analysts at Truist Financial from $139.00 to $133.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Truist Financial’s target price would suggest a potential upside of 26.46% from the company’s current price.

Several other analysts have also recently commented on the company. Zacks Research cut Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Robert W. Baird set a $192.00 price objective on Diodes in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Diodes Stock Up 6.5%

Shares of NASDAQ:DIOD opened at $105.17 on Thursday. Diodes has a fifty-two week low of $42.28 and a fifty-two week high of $125.99. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $99.50 and its 200-day simple moving average is $85.96. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 56.85 and a beta of 1.91.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The firm had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm’s 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. As a group, equities research analysts predict that Diodes will post 2.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Gary Yu sold 3,632 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the transaction, the chief executive officer directly owned 108,147 shares of the company’s stock, valued at $11,904,821.76. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard Dallas White sold 3,000 shares of Diodes stock in a transaction on Friday, May 29th. The stock was sold at an average price of $106.17, for a total value of $318,510.00. Following the transaction, the insider directly owned 8,071 shares of the company’s stock, valued at approximately $856,898.07. This represents a 27.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 70,981 shares of company stock worth $7,616,906. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Diodes

Several institutional investors and hedge funds have recently made changes to their positions in DIOD. Andar Capital Management HK Ltd acquired a new stake in shares of Diodes in the second quarter valued at approximately $80,000,000. BlackRock Inc. purchased a new position in Diodes in the 2nd quarter valued at about $803,920,000. Vanguard Group Inc. boosted its stake in shares of Diodes by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after purchasing an additional 166,603 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Diodes by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock worth $166,294,000 after buying an additional 53,934 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Diodes by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock worth $66,640,000 after buying an additional 11,799 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.