Diodes (DIOD) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Diodes in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DIOD shares.
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5 equities research analysts have issued 12-month price objectives for Diodes' stock. Their DIOD share price forecasts range from $85.00 to $120.00. On average, they expect the company's stock price to reach $100.60 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price.
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Diodes' stock was trading at $76.14 at the beginning of 2023. Since then, DIOD stock has decreased by 0.7% and is now trading at $75.57.
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Diodes saw a decline in short interest in September. As of September 15th, there was short interest totaling 1,060,000 shares, a decline of 6.2% from the August 31st total of 1,130,000 shares. Based on an average trading volume of 249,900 shares, the short-interest ratio is currently 4.2 days. Currently, 2.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our DIOD earnings forecast.

Diodes Incorporated (NASDAQ:DIOD) released its earnings results on Tuesday, August, 8th. The semiconductor company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. The semiconductor company earned $467.20 million during the quarter, compared to analyst estimates of $467.12 million. Diodes had a trailing twelve-month return on equity of 19.78% and a net margin of 16.99%. Diodes's quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the company posted $1.90 EPS.

ETFs with the largest weight of Diodes (NASDAQ:DIOD) stock in their portfolio include Invesco S&P SmallCap Information Technology ETF (PSCT), SPDR S&P Semiconductor ETF (XSD), Invesco Semiconductors ETF (PSI), iShares Future Cloud 5G and Tech ETF (IDAT), Invesco S&P SmallCap Quality ETF (XSHQ), First Trust Nasdaq Semiconductor ETF (FTXL), Vanguard S&P Small-Cap 600 Growth ETF (VIOG) and SPDR S&P 600 Small Cap Growth ETF (SLYG).

Diodes updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $412.25 million-$437.75 million, compared to the consensus revenue estimate of $481.75 million.

40 employees have rated Diodes Chief Executive Officer Keh-Shew Lu on Glassdoor.com. Keh-Shew Lu has an approval rating of 35% among the company's employees. This puts Keh-Shew Lu in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 50.0% of employees surveyed would recommend working at Diodes to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Diodes investors own include Microchip Technology (MCHP), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Skyworks Solutions (SWKS), Lam Research (LRCX), AbbVie (ABBV), Bristol-Myers Squibb (BMY) and Cisco Systems (CSCO).

Diodes trades on the NASDAQ under the ticker symbol "DIOD."

Diodes' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.25%), Earnest Partners LLC (4.56%), State Street Corp (4.41%), LSV Asset Management (4.08%), Dimensional Fund Advisors LP (3.76%) and Congress Asset Management Co. MA (2.89%). Insiders that own company stock include Andy Tsong, Brett R Whitmire, C H Chen, C H Chen, Emily Yang, Evan Yu, Francis Tang, Gary Yu, Jin Zhao, Julie Holland, Keh Shew Lu, Mezerville Roberto De, Michael R Giordano, Peter M Menard and Richard Dallas White.
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Shares of DIOD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DIOD stock can currently be purchased for approximately $75.57.

Diodes (NASDAQ:DIOD) has a market capitalization of $3.47 billion and generates $2.00 billion in revenue each year. The semiconductor company earns $331.28 million in net income (profit) each year or $7.19 on an earnings per share basis.

The company employs 8,877 workers across the globe.

Diodes' mailing address is 4949 Hedgcoxe Road Suite 200, Plano TX, 75024. The official website for the company is www.diodes.com. The semiconductor company can be reached via phone at (972) 987-3900, via email at laura_mehrl@diodes.com, or via fax at 972-731-3510.