Diodes (NASDAQ:DIOD) Cut to “Hold” at Wall Street Zen

Diodes (NASDAQ:DIOD) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

DIOD has been the subject of several other reports. Zacks Research raised shares of Diodes to a “strong sell” rating in a report on Friday, August 8th. Benchmark restated a “buy” rating and set a $62.00 target price (up from $55.00) on shares of Diodes in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Diodes presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Diodes Stock Up 5.7%

Shares of Diodes stock opened at $56.24 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. The company has a 50-day simple moving average of $53.00 and a two-hundred day simple moving average of $48.05. Diodes has a 52-week low of $32.93 and a 52-week high of $72.76. The stock has a market capitalization of $2.61 billion, a PE ratio of 41.05 and a beta of 1.47.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The firm had revenue of $366.20 million during the quarter, compared to analysts’ expectations of $352.08 million. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. Diodes has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Diodes will post 1.82 EPS for the current fiscal year.

Diodes declared that its board has authorized a share buyback program on Thursday, May 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Diodes

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Diodes by 2.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 7,764 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 213 shares in the last quarter. Parallel Advisors LLC lifted its stake in Diodes by 52.0% in the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 259 shares in the last quarter. Fifth Third Bancorp lifted its stake in Diodes by 85.8% in the 2nd quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 290 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Diodes by 1.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,696 shares of the semiconductor company’s stock worth $678,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.