Brokerages Set Diodes Incorporated (NASDAQ:DIOD) PT at $135.00

Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $135.00.

A number of brokerages have recently commented on DIOD. Zacks Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Robert W. Baird set a $192.00 price objective on Diodes in a report on Thursday, August 6th. Wall Street Zen upgraded Diodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Truist Financial reduced their target price on Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a report on Wednesday, July 15th.

Diodes Stock Up 3.2%

Shares of NASDAQ DIOD opened at $90.80 on Tuesday. The firm’s 50-day moving average is $95.04 and its two-hundred day moving average is $90.35. The company has a market capitalization of $4.18 billion, a PE ratio of 49.08 and a beta of 1.91. Diodes has a 12-month low of $42.28 and a 12-month high of $125.99. 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 issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $436.60 million. During the same period last year, the company posted $0.32 EPS. The company’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. Equities analysts anticipate that Diodes will post 3.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Diodes

A number of large investors have recently bought and sold shares of DIOD. California State Teachers Retirement System raised its position in shares of Diodes by 23.8% in the 1st quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company’s stock worth $3,753,000 after buying an additional 10,579 shares during the period. Bessemer Group Inc. increased its stake in Diodes by 14.5% during the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock worth $20,707,000 after acquiring an additional 53,039 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in Diodes during the fourth quarter worth about $476,000. Vanguard Group Inc. raised its holdings in shares of Diodes by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after purchasing an additional 166,603 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new position in shares of Diodes in the 4th quarter valued at about $3,423,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

About Diodes

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.