Diodes (NASDAQ:DIOD) Stock Rating Lowered by Wall Street Zen

Diodes (NASDAQ:DIOD) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other brokerages have also commented on DIOD. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Truist Financial decreased their price objective on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Robert W. Baird set a $192.00 target price on Diodes in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Diodes currently has a consensus rating of “Buy” and a consensus target price of $135.00.

Diodes Stock Performance

Shares of DIOD opened at $95.84 on Friday. The firm has a fifty day moving average of $92.14 and a 200-day moving average of $93.45. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 51.81 and a beta of 1.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.17. Diodes has a 1 year low of $42.28 and a 1 year high of $125.99.

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

Institutional Trading of Diodes

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Diodes in the second quarter valued at approximately $803,920,000. William Blair Investment Management LLC acquired a new position in shares of Diodes during the second quarter valued at approximately $184,153,000. Dimensional Fund Advisors LP raised its holdings in Diodes by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock worth $166,294,000 after purchasing an additional 53,934 shares in the last quarter. Andar Capital Management HK Ltd bought a new stake in Diodes during the second quarter worth approximately $80,000,000. Finally, Geode Capital Management LLC lifted its position in Diodes by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock worth $66,640,000 after purchasing an additional 11,799 shares during the period. 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.