Truist Financial Lowers Diodes (NASDAQ:DIOD) Price Target to $133.00

Key Points

• Truist Financial lowered Diodes’ price target to $133 from $139 while maintaining a “buy” rating, implying approximately 33% upside from the prior close. The consensus rating remains “Moderate Buy,” with a target near $135.
• Diodes reported stronger-than-expected quarterly results, with revenue up 21.7% year over year to $445.5 million and EPS of $0.70 versus the $0.63 consensus estimate. Its Q3 EPS guidance of $0.95–$1.15 also exceeds analyst expectations.
• Shares rose 16.4% to $99.66, but valuation remains elevated at roughly 55 times earnings. Insiders have sold shares recently without reported purchases, while institutions and hedge funds own approximately 99.2% of the stock.

Diodes (NASDAQ:DIOD - Get Free Report) had its target price cut by equities researchers at Truist Financial from $139.00 to $133.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Truist Financial's target price would indicate a potential upside of 33.45% from the stock's previous close.

A number of other analysts have also recently commented on DIOD. Zacks Research cut Diodes from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 15th. Robert W. Baird set a $192.00 target price on shares of Diodes in a report on Thursday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Diodes in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.00.

Diodes Stock Up 16.4%

Shares of DIOD stock traded up $14.07 during midday trading on Thursday, reaching $99.66. 297,897 shares of the stock were exchanged, compared to its average volume of 552,567. Diodes has a 1 year low of $42.28 and a 1 year high of $125.99. The firm has a market cap of $4.58 billion, a PE ratio of 54.57 and a beta of 1.91. The company's 50 day moving average is $99.73 and its two-hundred day moving average is $85.53. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD - Get Free Report) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The firm had revenue of $445.53 million for the quarter, compared to analysts' expectations of $436.60 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The company'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. On average, equities research analysts predict that Diodes will post 2.58 EPS for the current year.

Insider Buying and Selling

In other news, CEO Gary Yu sold 3,632 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total transaction of $399,810.56. Following the sale, the chief executive officer directly owned 108,147 shares in the company, valued at $11,904,821.76. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Francis Tang sold 15,330 shares of the business's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,981 shares of company stock worth $7,616,906 over the last three months. Corporate insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Diodes

Hedge funds have recently modified their holdings of the business. Andar Capital Management HK Ltd acquired a new stake in Diodes during the second quarter worth about $80,000,000. Summit Global Investments purchased a new stake in shares of Diodes in the 2nd quarter valued at approximately $1,371,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Diodes during the 2nd quarter worth approximately $1,747,000. Wedge Capital Management L L P NC increased its holdings in shares of Diodes by 179.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 75,885 shares of the semiconductor company's stock worth $8,305,000 after buying an additional 48,701 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Diodes by 8.9% in the second quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company's stock valued at $382,000 after acquiring an additional 287 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

More Diodes News

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Q2 results exceeded estimates: Revenue rose 21.7% year over year to $445.5 million, topping the $436.6 million consensus forecast. Adjusted EPS was $0.70 versus expectations of $0.63, while GAAP net income was $46.6 million, or $1.00 per diluted share. Diodes Incorporated Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Profitability and cash generation improved: GAAP gross profit increased to $147.6 million from $115.3 million a year earlier, and gross margin expanded to 33.1% from 31.5%. Operating cash flow was $68.5 million, with $34.8 million in free cash flow and approximately $442 million in cash and short-term investments. Diodes Q2 Revenue Rises Over 20 Percent
• Positive Sentiment: Strong Q3 outlook: Diodes expects revenue of approximately $510 million, with a range of roughly $494.7 million to $525.3 million, compared with the $471.3 million analyst consensus. EPS guidance of $0.95 to $1.15 also exceeds the $0.81 consensus estimate, signaling continued demand and operating momentum. Diodes posts strong Q2 results, projects continued growth
• Neutral Sentiment: Analysts’ consensus price target is $113, suggesting additional potential upside, although DIOD’s valuation is elevated at roughly 55 times earnings. Diodes Receives $113 Consensus Price Target
• Negative Sentiment: Insider-trading data shows 22 insider sales and no purchases during the past six months. While sales may reflect scheduled transactions, the lack of insider buying is a potential sentiment overhang. Diodes Q2 Revenue Rises Over 20 Percent

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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