Diodes (NASDAQ:DIOD) Stock Jumps 8% - Still a Buy?

Key Points

• Diodes shares jumped 8% to approximately $105.30 in mid-day trading, though volume was 66% below the average session level.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of $135.00; ratings range from Strong Buy to Hold.
• Diodes exceeded quarterly expectations with $0.70 EPS versus the $0.63 estimate and $445.5 million in revenue, up 21.7% year over year. Institutional investors own 99.23% of the company’s shares.

Diodes Incorporated (NASDAQ:DIOD - Get Free Report)'s stock price traded up 8% during mid-day trading on Friday. The stock traded as high as $105.42 and last traded at $105.3030. 191,818 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 564,918 shares. The stock had previously closed at $97.49.

Analyst Ratings Changes

Several research firms have issued reports on DIOD. Robert W. Baird set a $192.00 price target on Diodes in a report on Thursday, August 6th. Zacks Research raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Truist Financial reduced their price objective on Diodes from $139.00 to $133.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of Diodes in a research report on Wednesday, July 15th. Finally, Wall Street Zen downgraded Diodes from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 26th. One research 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $135.00.

Diodes Price Performance

The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 56.43 and a beta of 1.90. 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 stock has a 50-day moving average price of $92.52 and a two-hundred day moving average price of $94.41.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly 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 business had revenue of $445.53 million during the quarter, compared to analysts' expectations of $436.60 million. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The business's quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, equities research analysts forecast that Diodes Incorporated will post 3.15 EPS for the current year.

Institutional Investors Weigh In On Diodes

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. grew its position in Diodes by 7.4% during the second quarter. QRG Capital Management Inc. now owns 6,341 shares of the semiconductor company's stock valued at $694,000 after buying an additional 436 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Diodes during the 2nd quarter worth about $274,000. Engineers Gate Manager LP lifted its position in shares of Diodes by 98.8% in the second quarter. Engineers Gate Manager LP now owns 7,060 shares of the semiconductor company's stock valued at $773,000 after acquiring an additional 3,509 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Diodes during the 2nd quarter worth $35,000. Finally, NewEdge Advisors LLC acquired a new position in Diodes during the second quarter worth about $563,000. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Company Profile

Diodes Incorporated NASDAQ: DIOD is a semiconductor manufacturer that designs, manufactures and sells products used to manage, control and protect electrical power and signals. Its portfolio includes discrete semiconductor devices, power management products, standard and application-specific logic devices, analog components and mixed-signal products.

The company's products include rectifiers, transistors, MOSFETs, bipolar transistors, diodes, protection devices, LED drivers, voltage regulators, converters, switches and signal-integrity components.

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