Diodes (NASDAQ:DIOD) Shares Gap Down – Here’s What Happened

Diodes Incorporated (NASDAQ:DIOD) shares gapped down prior to trading on Thursday . The stock had previously closed at $107.04, but opened at $101.55. Diodes shares last traded at $102.0250, with a volume of 61,389 shares changing hands.

Analyst Ratings Changes

DIOD has been the subject of several research reports. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Robert W. Baird set a $192.00 price target on Diodes in a research note on Thursday, August 6th. Truist Financial reduced their price objective on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $135.00.

Diodes Trading Down 7.3%

The stock has a market capitalization of $4.57 billion, a PE ratio of 53.47 and a beta of 1.91. The firm has a 50 day moving average price of $99.08 and a 200 day moving average price of $87.13. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The business had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. Diodes had a return on equity of 4.33% and a net margin of 5.27%.Diodes’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. Equities analysts expect that Diodes Incorporated will post 3.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Richard Dallas White sold 3,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $106.17, for a total transaction of $318,510.00. Following the completion of the sale, the insider directly owned 8,071 shares of the company’s stock, valued at $856,898.07. This trade represents a 27.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary Yu sold 3,632 shares of Diodes stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $399,810.56. Following the sale, the chief executive officer owned 108,147 shares in the company, valued at $11,904,821.76. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 45,370 shares of company stock valued at $4,938,331. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Diodes

Several institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Diodes during the second quarter valued at about $10,741,000. Globeflex Capital L P bought a new stake in shares of Diodes in the second quarter valued at approximately $408,000. William Blair Investment Management LLC purchased a new stake in shares of Diodes during the 2nd quarter valued at approximately $184,153,000. EP Wealth Advisors LLC purchased a new position in Diodes during the second quarter valued at approximately $403,000. Finally, Callan Family Office LLC purchased a new stake in shares of Diodes in the second quarter worth $358,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Company Profile

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.