Diodes (NASDAQ:DIOD) Shares Up 8% – Should You Buy?

Diodes Incorporated (NASDAQ:DIOD) traded up 8% on Friday. The company traded as high as $105.42 and last traded at $105.3030. Approximately 191,818 shares changed hands during trading, a decline of 66% from the average session volume of 564,918 shares. The stock had previously closed at $97.49.

Analysts Set New Price Targets

A number of brokerages have issued reports on DIOD. Truist Financial cut their target price on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Robert W. Baird set a $192.00 price objective on shares of Diodes in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of Diodes from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $135.00.

Diodes Trading Up 7.1%

The company has a market cap of $4.81 billion, a PE ratio of 56.43 and a beta of 1.90. The company’s 50 day simple moving average is $92.52 and its two-hundred day simple moving average is $94.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.99.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The business had revenue of $445.53 million for the quarter, compared to the consensus estimate of $436.60 million. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue was up 21.7% on a year-over-year basis. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, sell-side analysts anticipate that Diodes Incorporated will post 3.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Diodes

A number of hedge funds and other institutional investors have recently bought and sold shares of DIOD. Andar Capital Management HK Ltd acquired a new position in shares of Diodes in the second quarter worth $80,000,000. BlackRock Inc. acquired a new stake in Diodes in the 2nd quarter valued at about $803,920,000. Dimensional Fund Advisors LP boosted its stake in shares of Diodes by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after buying an additional 53,934 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Diodes in the 2nd quarter valued at about $184,153,000. Finally, Geode Capital Management LLC grew its position in shares of Diodes by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock worth $66,640,000 after buying an additional 11,799 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a semiconductor manufacturer that designs, manufactures and sells products used to manage, control and protect electrical power and signals. Its portfolio includes discrete semiconductor devices, power management products, standard and application-specific logic devices, analog components and mixed-signal products.

The company’s products include rectifiers, transistors, MOSFETs, bipolar transistors, diodes, protection devices, LED drivers, voltage regulators, converters, switches and signal-integrity components.