Diodes (NASDAQ:DIOD) Upgraded at Zacks Research

Zacks Research upgraded shares of Diodes (NASDAQ:DIOD) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

A number of other analysts also recently commented on DIOD. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Truist Financial upgraded shares of Diodes from a “hold” rating to a “buy” rating and boosted their price target for the company from $67.00 to $98.00 in a report on Monday. Robert W. Baird boosted their price target on shares of Diodes from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Finally, Benchmark boosted their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.67.

Diodes Stock Up 3.1%

NASDAQ DIOD opened at $90.26 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08. The company’s 50 day simple moving average is $69.56 and its 200 day simple moving average is $58.25. Diodes has a 12 month low of $33.13 and a 12 month high of $90.34. The company has a market capitalization of $4.15 billion, a P/E ratio of 63.56 and a beta of 1.58.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The business had revenue of $391.58 million for the quarter, compared to the consensus estimate of $380.03 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities research analysts expect that Diodes will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total value of $50,505.50. Following the transaction, the chief financial officer owned 67,141 shares in the company, valued at approximately $4,085,529.85. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jin Zhao sold 525 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $59.19, for a total transaction of $31,074.75. Following the completion of the transaction, the insider owned 49,980 shares in the company, valued at approximately $2,958,316.20. This represents a 1.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 116,205 shares of company stock worth $7,837,213. 1.70% of the stock is owned by company insiders.

Institutional Trading of Diodes

Several large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in Diodes by 6.0% in the fourth quarter. Pacer Advisors Inc. now owns 147,336 shares of the semiconductor company’s stock worth $7,270,000 after acquiring an additional 8,396 shares in the last quarter. Summit Global Investments bought a new stake in Diodes in the fourth quarter worth approximately $211,000. Vident Advisory LLC bought a new stake in Diodes in the fourth quarter worth approximately $977,000. XTX Topco Ltd bought a new stake in Diodes in the fourth quarter worth approximately $795,000. Finally, Millennium Management LLC grew its position in Diodes by 472.7% in the fourth quarter. Millennium Management LLC now owns 31,361 shares of the semiconductor company’s stock worth $1,547,000 after acquiring an additional 25,885 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Key Diodes News

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Truist upgraded Diodes to a Buy, a high-profile institutional upgrade likely to attract buying interest from growth and semiconductor-focused funds. Truist Financial Upgrades Diodes (NASDAQ:DIOD) to Buy
• Positive Sentiment: Zacks lifted its stance from Strong Sell to Hold and published favorable momentum commentary, increasing the stock’s visibility to retail and momentum investors. Zacks.com
• Positive Sentiment: A Zacks feature highlights DIOD as a momentum stock, reinforcing investor interest in near‑term traders and momentum-focused funds. Diodes (DIOD) is a Great Momentum Stock: Should You Buy?
• Neutral Sentiment: Industry tech coverage on high‑power TVS diodes (lightning protection) signals ongoing end‑market demand for protection and power-management diodes, which is supportive for sector revenue tailwinds. High-power TVS diodes for lightning protection
• Neutral Sentiment: New product announcements in the diode/laser space (e.g., Nuvoton’s high‑power violet laser diode) reflect competitive and innovation activity in adjacent pockets of the semiconductor market — monitor for potential competitive pressure or OEM opportunity. Nuvoton Releases Industry-leading-class High-power Violet Laser Diode (402 nm, 4.5 W)
• Neutral Sentiment: Tech/academic coverage on new diode designs that combine sensing and compute (image sensors with built‑in memory/compute) and PV system diagnostic techniques are longer‑term industry developments that could create opportunities or change product mixes over time. New diode design could shrink image sensors with built-in memory and compute Diagnosing hardware failures in PV systems using I-V curve tracers
• Negative Sentiment: Seeking Alpha published a bearish note arguing the recent rally may be overdone, which could pressure sentiment if momentum cools or if future results miss elevated expectations. Diodes Incorporated: Why The Rally Is Overdone

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.