Diodes (NASDAQ:DIOD) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Diodes shares crossed above their 200-day moving average, reaching $88.92 and last trading at $88.57, compared with the average of $86.93.
• Analyst sentiment is moderately bullish: five analysts rate the stock a Buy and two rate it a Hold, producing an average “Moderate Buy” rating and a $130.83 price target.
• Diodes exceeded quarterly expectations with $0.70 in earnings per share versus $0.63 expected, while revenue rose 21.7% year over year to $445.53 million; institutional investors own 99.23% of the stock.

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $86.93 and traded as high as $88.92. Diodes shares last traded at $88.57, with a volume of 589,340 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DIOD. Weiss Ratings reiterated a "hold (c)" rating on shares of Diodes in a research report on Tuesday, October 13th. Wall Street Zen upgraded Diodes from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Truist Financial reduced their price target on Diodes from $139.00 to $133.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Zacks Research lowered shares of Diodes from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, Wells Fargo & Company set a $135.00 target price on shares of Diodes in a report on Tuesday, October 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $130.83.

Diodes Stock Performance

The stock has a market cap of $4.08 billion, a PE ratio of 47.88 and a beta of 1.90. The stock has a fifty day moving average price of $91.96 and a 200 day moving average price of $86.93.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. The company had revenue of $445.53 million for the quarter, compared to analysts' expectations of $436.60 million. During the same quarter in the previous year, the company posted $0.32 EPS. The business'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. As a group, equities analysts anticipate that Diodes Incorporated will post 3.18 earnings per share for the current fiscal year.

Institutional Trading of Diodes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Diodes by 38.9% in the third quarter. Farther Finance Advisors LLC now owns 543 shares of the semiconductor company's stock worth $53,000 after buying an additional 152 shares during the period. Signaturefd LLC boosted its position in Diodes by 8.7% in the 3rd quarter. Signaturefd LLC now owns 3,476 shares of the semiconductor company's stock valued at $336,000 after buying an additional 277 shares during the period. GAMMA Investing LLC grew its stake in Diodes by 8.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company's stock worth $382,000 after acquiring an additional 287 shares in the last quarter. Root Financial Partners LLC bought a new position in Diodes in the 3rd quarter worth about $28,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Diodes during the 2nd quarter worth $35,000. 99.23% of the stock is owned by hedge funds and other 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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