Diodes (NASDAQ:DIOD) Downgraded by Wall Street Zen to Buy

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

A number of other equities analysts have also recently commented on the stock. Truist Financial dropped their price target on shares of Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Robert W. Baird set a $192.00 price objective on shares of Diodes in a research report on Thursday, August 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $135.00.

Diodes Stock Up 1.2%

Shares of DIOD opened at $95.84 on Friday. The company has a market cap of $4.41 billion, a PE ratio of 51.81 and a beta of 1.89. The business has a fifty day moving average of $92.14 and a 200 day moving average of $93.24. Diodes has a 52-week low of $42.28 and a 52-week high of $125.99. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data 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 net margin of 5.27% and a return on equity of 4.33%. The company had revenue of $445.53 million during the quarter, compared to analyst estimates of $436.60 million. During the same period in the previous year, the firm earned $0.32 earnings per share. Diodes’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, sell-side analysts expect that Diodes will post 3.15 EPS for the current year.

Institutional Trading of Diodes

Several institutional investors and hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC boosted its stake in shares of Diodes by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 8,932 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 274 shares during the period. GAMMA Investing LLC increased its stake in Diodes by 8.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company’s stock worth $382,000 after buying an additional 287 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Diodes during the 2nd quarter valued at about $35,000. Easterly Investment Partners LLC lifted its holdings in 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 buying an additional 391 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Diodes by 7.4% during the 2nd quarter. QRG Capital Management Inc. now owns 6,341 shares of the semiconductor company’s stock valued at $694,000 after buying an additional 436 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.