Diodes (NASDAQ:DIOD) Rating Lowered to “Hold” at Zacks Research

Diodes (NASDAQ:DIOD – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other research firms also recently issued reports on DIOD. Truist Financial cut their price objective on shares of Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Robert W. Baird set a $192.00 price target on shares of Diodes in a research report on Thursday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. Wells Fargo & Company set a $135.00 price objective on Diodes in a research note on Tuesday. Finally, Wall Street Zen lowered Diodes from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.00.

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Diodes Stock Up 4.1%

DIOD stock opened at $107.74 on Monday. Diodes has a fifty-two week low of $42.28 and a fifty-two week 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 stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 58.24 and a beta of 1.90. The business’s fifty day moving average price is $93.76 and its two-hundred day moving average price is $95.22.

Diodes (NASDAQ:DIOD – Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (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 company had revenue of $445.53 million during the quarter, compared to analysts’ expectations of $436.60 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. Diodes’s quarterly revenue was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. On average, equities analysts anticipate that Diodes will post 3.15 earnings per share for the current year.

Institutional Trading of Diodes

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new stake in shares of Diodes during the 2nd quarter valued at approximately $10,112,000. Bank of America Corp DE acquired a new position in Diodes during the 2nd quarter worth approximately $21,374,000. HighTower Advisors LLC lifted its stake in Diodes by 1,033.0% in the 2nd quarter. HighTower Advisors LLC now owns 38,726 shares of the semiconductor company’s stock valued at $4,238,000 after purchasing an additional 35,308 shares during the last quarter. California State Teachers Retirement System lifted its stake in Diodes by 23.8% in the 1st quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company’s stock valued at $3,753,000 after purchasing an additional 10,579 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Diodes in the second quarter valued at approximately $2,473,000. 99.23% of the stock is owned by institutional investors and hedge funds.

About Diodes

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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.

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