Bank of America began coverage on shares of Diodes (NASDAQ:DIOD – Free Report) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $135.00 target price on the semiconductor company’s stock.
A number of other equities analysts have also recently issued reports on DIOD. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. Robert W. Baird set a $192.00 target price on shares of Diodes in a report on Thursday, August 6th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wells Fargo & Company set a $135.00 price objective on shares of Diodes in a report on Tuesday. Finally, Truist Financial lowered their target price on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Diodes has a consensus rating of “Moderate Buy” and an average target price of $135.00.
Get Our Latest Stock Report on Diodes
Diodes Price Performance
Diodes (NASDAQ:DIOD – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $436.60 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, analysts predict that Diodes will post 3.18 earnings per share for the current year.
Hedge Funds Weigh In On Diodes
A number of institutional investors and hedge funds have recently made changes to their positions in DIOD. Integrated Wealth Concepts LLC purchased a new stake in Diodes during the second quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its holdings in Diodes by 38.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 543 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 152 shares during the period. State of Wyoming bought a new position in Diodes in the 2nd quarter worth $110,000. Global Retirement Partners LLC purchased a new position in Diodes during the second quarter valued at $118,000. Finally, Nykredit A S purchased a new position in Diodes during the second quarter valued at $135,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
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.
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