Diodes - DIOD Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Diodes in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DIOD shares.
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5 Wall Street research analysts have issued 12 month price targets for Diodes' stock. Their DIOD share price forecasts range from $90.00 to $120.00. On average, they predict the company's share price to reach $103.00 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price.
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Diodes' stock was trading at $76.14 at the start of the year. Since then, DIOD stock has increased by 22.4% and is now trading at $93.16.
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Diodes saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,020,000 shares, a decrease of 11.3% from the December 31st total of 1,150,000 shares. Based on an average daily trading volume, of 234,700 shares, the days-to-cover ratio is currently 4.3 days. Approximately 2.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our DIOD earnings forecast.

Diodes Incorporated (NASDAQ:DIOD) posted its quarterly earnings results on Monday, February, 6th. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.09. The semiconductor company had revenue of $496.20 million for the quarter, compared to analysts' expectations of $492.68 million. Diodes had a net margin of 16.56% and a trailing twelve-month return on equity of 23.98%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share.

Diodes updated its first quarter 2023 earnings guidance on Monday, February, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $466.86 million-$467.14 million, compared to the consensus revenue estimate of $466.93 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 number of retail and institutional investors. Top institutional shareholders include Congress Asset Management Co. MA (3.31%), New York State Common Retirement Fund (1.04%), Allspring Global Investments Holdings LLC (0.83%), Fisher Asset Management LLC (0.63%), Tributary Capital Management LLC (0.49%) and Envestnet Asset Management Inc. (0.44%). Insiders that own company stock include Brett R Whitmire, C H Chen, C H Chen, Emily Yang, Evan Yu, Francis Tang, Jin Zhao, Julie Holland, Keh Shew Lu, Mezerville Roberto De, Michael R Giordano, Raymond Soong 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 $93.16.

Diodes (NASDAQ:DIOD) has a market capitalization of $4.24 billion and generates $2.00 billion in revenue each year. The semiconductor company earns $228.76 million in net income (profit) each year or $7.22 on an earnings per share basis.

The company employs 8,921 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.