Diodes Incorporated (NASDAQ:DIOD) Given Average Recommendation of "Buy" by Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD - Get Free Report) have received an average rating of "Buy" from the five ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $135.00.

Several research firms have recently issued reports on DIOD. Zacks Research raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Robert W. Baird set a $192.00 price target on Diodes in a report on Thursday, August 6th. Wall Street Zen upgraded Diodes from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Diodes in a research report on Wednesday, July 15th. Finally, Truist Financial lowered their target price on Diodes from $139.00 to $133.00 and set a "buy" rating for the company in a research note on Thursday, August 6th.

Insider Buying and Selling

In other news, CTO Francis Tang sold 15,330 shares of the business's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the transaction, the chief technology officer directly owned 71,438 shares of the company's stock, valued at approximately $8,003,913.52. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Emily Yang sold 3,000 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total transaction of $330,240.00. Following the completion of the transaction, the senior vice president owned 61,878 shares of the company's stock, valued at $6,811,530.24. This trade represents a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,962 shares of company stock worth $3,316,534 in the last 90 days. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Diodes

A number of institutional investors have recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd purchased a new position in Diodes in the 2nd quarter valued at about $80,000,000. BlackRock Inc. purchased a new stake in shares of Diodes during the second quarter worth about $803,920,000. Vanguard Group Inc. lifted its stake in shares of Diodes by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company's stock worth $303,681,000 after acquiring an additional 166,603 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Diodes by 10,536.9% in the second quarter. California State Teachers Retirement System now owns 5,848,911 shares of the semiconductor company's stock worth $640,105,000 after acquiring an additional 5,793,924 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Diodes by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company's stock valued at $166,294,000 after purchasing an additional 53,934 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Stock Performance

NASDAQ DIOD opened at $89.75 on Tuesday. 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 has a 1-year low of $42.28 and a 1-year high of $125.99. The firm has a market capitalization of $4.13 billion, a P/E ratio of 48.51 and a beta of 1.91. The business's 50-day simple moving average is $97.58 and its 200-day simple moving average is $89.29.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. The firm had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The company's revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Equities analysts predict that Diodes will post 3.15 EPS for the current year.

Diodes Company Profile

Diodes Incorporated NASDAQ: DIOD is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.

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