Diodes (NASDAQ:DIOD) Raised to "Hold" at Zacks Research

Key Points

• The shares of Diodes (NASDAQ:DIOD) were upgraded from a "strong sell" to a "hold" rating by Zacks Research, indicating a more favorable outlook for the stock.
• The semiconductor company surpassed earnings expectations, reporting $0.32 EPS in the last quarter, which was $0.08 higher than analysts' consensus estimate.
• Diodes' stock has a market capitalization of $2.37 billion and is currently trading at approximately $51.03, reflecting a decline of 3.8% in the most recent trading session.

Diodes (NASDAQ:DIOD - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

DIOD has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. Benchmark reaffirmed a "buy" rating and issued a $62.00 price target (up previously from $55.00) on shares of Diodes in a report on Friday, June 13th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Diodes in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Diodes has an average rating of "Moderate Buy" and an average target price of $55.00.

Diodes Trading Down 3.8%

NASDAQ:DIOD opened at $51.03 on Monday. Diodes has a 52 week low of $32.93 and a 52 week high of $67.40. The firm has a 50 day moving average of $52.98 and a 200 day moving average of $48.66. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 37.25 and a beta of 1.63.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.08. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The company had revenue of $366.20 million during the quarter, compared to analysts' expectations of $352.08 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Diodes's revenue for the quarter was up 14.5% compared to the same quarter last year. Diodes has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Diodes will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at Diodes

In related news, CFO Brett R. Whitmire sold 2,000 shares of Diodes stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total value of $111,800.00. Following the completion of the transaction, the chief financial officer owned 48,777 shares in the company, valued at approximately $2,726,634.30. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Emily Yang sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total transaction of $56,360.00. Following the transaction, the senior vice president owned 59,479 shares of the company's stock, valued at $3,352,236.44. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Institutional Trading of Diodes

A number of large investors have recently bought and sold shares of DIOD. Global Alpha Capital Management Ltd. boosted its holdings in Diodes by 56.9% in the second quarter. Global Alpha Capital Management Ltd. now owns 846,070 shares of the semiconductor company's stock worth $44,749,000 after purchasing an additional 306,900 shares during the period. Ameriprise Financial Inc. lifted its holdings in Diodes by 132.3% in the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company's stock worth $21,267,000 after purchasing an additional 228,976 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Diodes in the first quarter worth about $8,679,000. Assenagon Asset Management S.A. acquired a new stake in Diodes in the third quarter worth about $8,235,000. Finally, Nuveen LLC bought a new stake in Diodes in the first quarter worth about $5,593,000. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.