Bank of America Begins Coverage on Diodes (NASDAQ:DIOD)

Key Points

• Bank of America initiated coverage of Diodes with a “buy” rating and a $135 price target, implying approximately 30.4% upside from the stock’s $103.53 opening price.
• Analyst sentiment is broadly positive: Diodes has a consensus “Buy” rating and a $135 average price target, with one Strong Buy, four Buy, and one Hold rating.
• Diodes recently exceeded earnings expectations, reporting $0.70 EPS versus $0.63 expected and revenue of $445.53 million; institutional investors own 99.23% of the company’s shares.

Investment analysts at Bank of America started coverage on shares of Diodes (NASDAQ:DIOD - Get Free Report) in a research note issued on Tuesday, Briefing.com reports. The firm set a "buy" rating and a $135.00 price target on the semiconductor company's stock. Bank of America's price objective would indicate a potential upside of 30.40% from the company's current price.

A number of other research firms have also recently weighed in on DIOD. Wells Fargo & Company set a $135.00 price target on Diodes in a report on Tuesday. Robert W. Baird set a $192.00 price objective on shares of Diodes in a research report on Thursday, August 6th. Truist Financial dropped their target price 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. Wall Street Zen downgraded Diodes from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 26th. Finally, Zacks Research raised Diodes from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $135.00.

Diodes Stock Down 0.3%

Diodes stock opened at $103.53 on Tuesday. The stock's 50 day moving average price is $93.21 and its 200 day moving average price is $94.94. Diodes has a 1-year low of $42.28 and a 1-year high of $125.99. The company has a market cap of $4.77 billion, a PE ratio of 55.96 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.99.

Diodes (NASDAQ:DIOD - Get Free Report) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. Diodes had a return on equity of 4.33% and a net margin of 5.27%.The company had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. During the same quarter last year, the company 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 predict that Diodes will post 3.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Diodes

Several hedge funds have recently made changes to their positions in DIOD. Andar Capital Management HK Ltd purchased a new stake in Diodes during the second quarter valued at about $80,000,000. BlackRock Inc. acquired a new position in shares of Diodes during the second quarter worth about $803,920,000. William Blair Investment Management LLC acquired a new position in Diodes during the 2nd quarter worth approximately $184,153,000. Bank of New York Mellon Corp purchased a new stake in shares of Diodes during the second quarter valued at approximately $41,421,000. Finally, Bank of America Corp DE acquired a new position in Diodes in the 2nd quarter worth $21,374,000. Institutional investors and hedge funds 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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