Diodes (NASDAQ:DIOD) Stock Price Down 7.9% – Here’s What Happened

Diodes Incorporated (NASDAQ:DIOD)’s stock price fell 7.9% on Wednesday. The company traded as low as $99.01 and last traded at $99.2130. 421,342 shares were traded during trading, a decline of 26% from the average daily volume of 568,039 shares. The stock had previously closed at $107.74.

Analyst Ratings Changes

DIOD has been the subject of several recent analyst reports. Truist Financial dropped their price target on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Diodes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Bank of America initiated coverage on Diodes in a research note on Tuesday. They set a “buy” rating and a $135.00 price objective on the stock. Zacks Research lowered Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird set a $192.00 price target on Diodes in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Diodes has an average rating of “Moderate Buy” and an average price target of $135.00.

Diodes Price Performance

The stock has a 50 day moving average of $93.76 and a two-hundred day moving average of $95.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.17. The stock has a market cap of $4.57 billion, a PE ratio of 53.61 and a beta of 1.90.

Diodes (NASDAQ:DIOD) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. The firm had revenue of $445.53 million during the quarter, compared to analysts’ expectations of $436.60 million. Diodes had a return on equity of 4.33% and a net margin of 5.27%.The company’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Equities analysts anticipate that Diodes Incorporated will post 3.15 EPS for the current year.

Institutional Investors Weigh In On Diodes

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Diodes by 8.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company’s stock valued at $382,000 after purchasing an additional 287 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Diodes in the 2nd quarter valued at $35,000. QRG Capital Management Inc. grew its holdings in Diodes by 7.4% during the second quarter. QRG Capital Management Inc. now owns 6,341 shares of the semiconductor company’s stock valued at $694,000 after purchasing an additional 436 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Diodes by 7.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,494 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 460 shares in the last quarter. Finally, New York State Teachers Retirement System increased its stake in Diodes by 0.7% in the 1st quarter. New York State Teachers Retirement System now owns 64,327 shares of the semiconductor company’s stock valued at $4,391,000 after buying an additional 465 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a semiconductor manufacturer that designs, manufactures and sells products used to manage, control and protect electrical power and signals. Its portfolio includes discrete semiconductor devices, power management products, standard and application-specific logic devices, analog components and mixed-signal products.

The company’s products include rectifiers, transistors, MOSFETs, bipolar transistors, diodes, protection devices, LED drivers, voltage regulators, converters, switches and signal-integrity components.