Diodes (NASDAQ:DIOD) Coverage Initiated by Analysts at Needham & Company LLC

Key Points

• Needham & Company initiated coverage of Diodes with a Buy rating and a $110 price target, implying approximately 34.7% upside from the prior close.
• Analyst sentiment remains generally positive, with five Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $130.83.
• Diodes shares opened at $81.64 after an 8.1% decline; the company recently exceeded quarterly earnings and revenue estimates, while institutional investors own 99.23% of its shares.

Stock analysts at Needham & Company LLC started coverage on shares of Diodes (NASDAQ:DIOD - Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The firm set a "buy" rating and a $110.00 price target on the semiconductor company's stock. Needham & Company LLC's target price points to a potential upside of 34.74% from the company's previous close.

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Diodes from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Wall Street Zen downgraded shares of Diodes from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 26th. Truist Financial cut their target price on shares of Diodes from $139.00 to $133.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Wells Fargo & Company set a $135.00 target price on shares of Diodes in a report on Tuesday, October 6th. Finally, Robert W. Baird set a $192.00 price target on shares of Diodes in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $130.83.

Diodes Stock Down 8.1%

Shares of DIOD opened at $81.64 on Friday. Diodes has a 52 week low of $42.28 and a 52 week high of $125.99. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 44.13 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.17. The stock has a fifty day moving average of $92.96 and a 200-day moving average of $96.95.

Diodes (NASDAQ:DIOD - Get Free Report) last issued 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 analyst estimates of $436.60 million. Diodes had a return on equity of 4.33% and a net margin of 5.27%. Diodes's quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, sell-side analysts anticipate that Diodes will post 3.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Diodes

Hedge funds have recently made changes to their positions in the stock. Andar Capital Management HK Ltd bought a new stake in Diodes in the second quarter valued at approximately $80,000,000. BlackRock Inc. acquired a new stake in Diodes during the 2nd quarter valued at approximately $803,920,000. Dimensional Fund Advisors LP raised its holdings in 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 purchasing an additional 53,934 shares during the last quarter. William Blair Investment Management LLC bought a new position in Diodes during the 2nd quarter worth approximately $184,153,000. Finally, Artemis Investment Management LLP raised its holdings in Diodes by 28.3% during the 3rd quarter. Artemis Investment Management LLP now owns 450,633 shares of the semiconductor company's stock worth $43,617,000 after purchasing an additional 99,286 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Diodes Company Profile

Diodes Incorporated NASDAQ: DIOD is a semiconductor manufacturer that designs, manufactures and supplies discrete, analog, and mixed-signal semiconductor products. Its portfolio includes diodes, rectifiers, transistors, MOSFETs, power-management devices, protection products, logic components, LED drivers, and application-specific semiconductor solutions.

The company's products are used in power conversion and management, signal processing, circuit protection, lighting, automotive systems, communications equipment, and consumer and industrial electronics.

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