Diodes (NASDAQ:DIOD) Stock Falls 7.9% – Here’s Why

Diodes Incorporated (NASDAQ:DIOD)’s share price fell 7.9% during trading on Wednesday. The stock traded as low as $99.01 and last traded at $99.2130. 421,342 shares were traded during trading, a decline of 26% from the average session volume of 568,039 shares. The stock had previously closed at $107.74.

Analyst Ratings Changes

Several research firms recently issued reports on DIOD. Zacks Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday. Truist Financial dropped 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. Robert W. Baird set a $192.00 price target on Diodes in a research 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, Wells Fargo & Company set a $135.00 target price on shares of Diodes in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Diodes Stock Down 1.6%

The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.36 billion, a PE ratio of 51.21 and a beta of 1.90. The firm has a 50-day moving average of $94.53 and a two-hundred day moving average of $95.68.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. During the same period last year, the company earned $0.32 EPS. The company’s quarterly 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 research analysts predict that Diodes Incorporated will post 3.18 earnings per share for the current fiscal year.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Diodes by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 4,165 shares of the semiconductor company’s stock worth $403,000 after acquiring an additional 670 shares in the last quarter. Farther Finance Advisors LLC grew 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 acquiring an additional 152 shares in the last quarter. Artemis Investment Management LLP increased its stake in Diodes by 28.3% during the third quarter. Artemis Investment Management LLP now owns 450,633 shares of the semiconductor company’s stock worth $43,617,000 after purchasing an additional 99,286 shares during the period. QRG Capital Management Inc. lifted its position in shares of Diodes by 7.4% during the second quarter. QRG Capital Management Inc. now owns 6,341 shares of the semiconductor company’s stock worth $694,000 after purchasing an additional 436 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Diodes in the second quarter valued at approximately $274,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.