Diodes (NASDAQ:DIOD) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Diodes from “strong buy” to “buy,” while the broader analyst consensus remains “Buy” with an average price target of $135.
• Diodes reported quarterly earnings of $0.70 per share, beating estimates of $0.63, while revenue rose 21.7% year over year to $445.53 million.
• Shares opened at $95.84, with a market capitalization of $4.41 billion; institutional investors and hedge funds own approximately 99.23% of the stock.

Diodes (NASDAQ:DIOD - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the stock. Truist Financial dropped their price objective on shares of Diodes from $139.00 to $133.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Diodes in a research note on Wednesday, July 15th. Robert W. Baird set a $192.00 target price on Diodes in a report on Thursday, August 6th. Finally, Zacks Research raised Diodes from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $135.00.

Diodes Price Performance

Diodes stock opened at $95.84 on Friday. The business's fifty day moving average is $92.14 and its two-hundred day moving average is $93.24. 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 firm has a market cap of $4.41 billion, a P/E ratio of 51.81 and a beta of 1.89. Diodes has a 52 week low of $42.28 and a 52 week high of $125.99.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share 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 analyst estimates of $436.60 million. During the same period last year, the company posted $0.32 earnings per share. The firm'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. Equities research analysts forecast that Diodes will post 3.15 earnings per share for the current fiscal year.

Institutional Trading of Diodes

Several large investors have recently bought and sold shares of DIOD. Integrated Wealth Concepts LLC bought a new stake in shares of Diodes in the 2nd quarter valued at $35,000. State of Wyoming bought a new stake in Diodes during the second quarter worth $110,000. Global Retirement Partners LLC purchased a new position in Diodes during the 2nd quarter worth $118,000. Nykredit A S purchased a new position in Diodes during the 2nd quarter worth $135,000. Finally, Allworth Financial LP bought a new stake in shares of Diodes in the 2nd quarter worth $141,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Company Profile

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.

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