Diodes (NASDAQ:DIOD) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Diodes to “strong-buy” from “buy,” while the broader analyst consensus remains “Buy” with a $135 price target.
• Diodes exceeded quarterly expectations, reporting $0.70 in adjusted earnings per share versus a $0.63 estimate and $445.53 million in revenue, up 21.7% year over year.
• The stock opened at $103.48, up 6.5%, while institutional investors own 99.23% of shares; insiders have sold 43,370 shares worth approximately $4.7 million over the past three months.

Diodes (NASDAQ:DIOD - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

Several other analysts have also recently weighed in on the stock. Robert W. Baird set a $192.00 price objective on shares of Diodes in a research report on Thursday, August 6th. Truist Financial cut their target price on shares of Diodes from $139.00 to $133.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Diodes in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded Diodes from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $135.00.

Diodes Stock Up 6.5%

Shares of NASDAQ DIOD opened at $103.48 on Friday. The company has a current ratio of 3.17, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $98.82 and a 200-day moving average of $87.53. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 55.94 and a beta of 1.91. Diodes has a 12 month low of $42.28 and a 12 month 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 net margin of 5.27% and a return on equity of 4.33%. The business had revenue of $445.53 million for the quarter, compared to the consensus estimate of $436.60 million. During the same period last year, the firm posted $0.32 earnings per share. Diodes's quarterly revenue was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Sell-side analysts expect that Diodes will post 3.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Diodes

In other Diodes news, CTO Francis Tang sold 15,330 shares of the stock in a transaction that occurred 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 in the company, valued at $8,003,913.52. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jin Zhao sold 3,689 shares of Diodes stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $106.86, for a total transaction of $394,206.54. Following the transaction, the insider directly owned 43,531 shares in the company, valued at $4,651,722.66. This trade represents a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 43,370 shares of company stock valued at $4,735,391. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Diodes

Several hedge funds have recently added to or reduced their stakes in DIOD. Evergreen Capital Management LLC bought a new position in shares of Diodes during the fourth quarter valued at about $476,000. California State Teachers Retirement System lifted its stake in shares of Diodes by 23.8% in the 1st quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company's stock valued at $3,753,000 after acquiring an additional 10,579 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Diodes by 14.5% during the 4th quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company's stock valued at $20,707,000 after acquiring an additional 53,039 shares during the period. Tributary Capital Management LLC boosted its holdings in Diodes by 7.1% during the 4th quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company's stock valued at $17,073,000 after acquiring an additional 22,903 shares during the period. Finally, Vanguard Group Inc. grew its position in Diodes by 2.8% during the 4th 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 during the last quarter. 99.23% of the stock is owned by institutional investors.

About Diodes

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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