Diodes (DIOD) Stock Forecast, Price & News

5 Wall Street equities 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 equities research analysts is that investors should "buy" DIOD shares.
View DIOD analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 1 year target prices for Diodes' stock. Their DIOD share price forecasts range from $85.00 to $120.00. On average, they anticipate the company's share price to reach $103.83 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price.
View analysts price targets for DIOD or view top-rated stocks among Wall Street analysts.

Diodes' stock was trading at $76.14 at the beginning of the year. Since then, DIOD shares have increased by 21.0% and is now trading at $92.14.
View the best growth stocks for 2023 here.

Diodes saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,150,000 shares, a decline of 8.7% from the April 30th total of 1,260,000 shares. Based on an average trading volume of 206,400 shares, the short-interest ratio is currently 5.6 days. Currently, 2.6% of the shares of the company are sold short.
View Diodes' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our DIOD earnings forecast.

Diodes Incorporated (NASDAQ:DIOD) announced its quarterly earnings results on Tuesday, May, 9th. The semiconductor company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.13. The semiconductor company earned $467.24 million during the quarter, compared to analysts' expectations of $467.03 million. Diodes had a net margin of 16.61% and a trailing twelve-month return on equity of 21.67%. The company's revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share.

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

Diodes updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $452.99 million-$481.01 million, compared to the consensus revenue estimate of $480.55 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.24%), State Street Corp (4.34%), Dimensional Fund Advisors LP (4.13%), LSV Asset Management (4.12%), Bank of America Corp DE (3.45%) and Congress Asset Management Co. MA (2.94%). Insiders that own company stock include 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, Raymond Soong and Richard Dallas White.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of DIOD stock can currently be purchased for approximately $92.14.

Diodes (NASDAQ:DIOD) has a market capitalization of $4.21 billion and generates $2.00 billion in revenue each year. The semiconductor company earns $331.28 million in net income (profit) each year or $7.17 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.