Diodes (NASDAQ:DIOD) Now Covered by Bank of America

Bank of America started coverage on shares of Diodes (NASDAQ:DIOD) in a research report released on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $135.00 price objective on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the company. Robert W. Baird set a $192.00 price objective on Diodes in a report on Thursday, August 6th. Wall Street Zen cut Diodes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Wells Fargo & Company set a $135.00 target price on shares of Diodes in a report on Tuesday. Truist Financial reduced their price target 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. Finally, Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $135.00.

Diodes Price Performance

Shares of DIOD stock opened at $107.74 on Tuesday. Diodes has a 12-month low of $42.28 and a 12-month high of $125.99. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 58.24 and a beta of 1.90. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $93.76 and a 200-day moving average of $95.22.

Diodes (NASDAQ:DIOD) last issued 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 return on equity of 4.33% and a net margin of 5.27%.The business had revenue of $445.53 million for the quarter, compared to the consensus estimate of $436.60 million. During the same quarter last year, the business posted $0.32 EPS. 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. On average, equities research analysts forecast that Diodes will post 3.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Diodes in the 2nd quarter valued at about $803,920,000. William Blair Investment Management LLC bought a new position in shares of Diodes during the 2nd quarter worth approximately $184,153,000. Dimensional Fund Advisors LP increased its holdings in shares of Diodes by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock worth $166,294,000 after acquiring an additional 53,934 shares during the last quarter. Andar Capital Management HK Ltd acquired a new position in shares of Diodes during the 2nd quarter worth approximately $80,000,000. Finally, Geode Capital Management LLC raised its stake in Diodes by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock valued at $66,640,000 after acquiring an additional 11,799 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.