Diodes (NASDAQ:DIOD) Stock Rated Buy in New Coverage at Needham & Company LLC

Analysts at Needham & Company LLC began coverage on shares of Diodes (NASDAQ:DIOD) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $110.00 price target on the semiconductor company’s stock. Needham & Company LLC‘s target price suggests a potential upside of 34.74% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company set a $135.00 target price on Diodes in a report on Tuesday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a report on Tuesday, October 13th. Wall Street Zen downgraded shares of Diodes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 26th. Zacks Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Bank of America began coverage on shares of Diodes in a research report on Tuesday, October 6th. They set a “buy” rating and a $135.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.83.

Diodes Stock Performance

DIOD stock opened at $81.64 on Friday. The stock has a 50-day moving average price of $92.96 and a 200-day moving average price of $96.95. Diodes has a 1-year low of $42.28 and a 1-year high of $125.99. The company has a current ratio of 3.17, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.76 billion, a PE ratio of 44.13 and a beta of 1.90.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data 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 return on equity of 4.33% and a net margin of 5.27%. The company 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 business earned $0.32 EPS. The firm’s revenue was up 21.7% compared to the same quarter last year. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, equities research analysts expect that Diodes will post 3.18 earnings per share for the current year.

Institutional Trading of Diodes

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in Diodes by 38.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 543 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 152 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Diodes by 8.9% in the second quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company’s stock worth $382,000 after acquiring an additional 287 shares in the last quarter. Root Financial Partners LLC bought a new position in Diodes in the third quarter worth approximately $28,000. Integrated Wealth Concepts LLC bought a new position in Diodes in the second quarter worth approximately $35,000. Finally, Inspire Investing LLC grew its stake in Diodes by 5.2% in the third quarter. Inspire Investing LLC now owns 6,552 shares of the semiconductor company’s stock valued at $634,000 after acquiring an additional 325 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a semiconductor manufacturer that designs, manufactures and supplies discrete, analog, and mixed-signal semiconductor products. Its portfolio includes diodes, rectifiers, transistors, MOSFETs, power-management devices, protection products, logic components, LED drivers, and application-specific semiconductor solutions.

The company’s products are used in power conversion and management, signal processing, circuit protection, lighting, automotive systems, communications equipment, and consumer and industrial electronics.