Diodes (NASDAQ:DIOD) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Diodes Incorporated (NASDAQ:DIOD)’s stock price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $86.93 and traded as high as $88.92. Diodes shares last traded at $88.57, with a volume of 589,340 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on DIOD. Wall Street Zen upgraded Diodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 24th. Bank of America initiated coverage on Diodes in a research report on Tuesday, October 6th. They set a “buy” rating and a $135.00 target price for the company. Wells Fargo & Company set a $135.00 price target on Diodes in a research note on Tuesday, October 6th. Truist Financial decreased their price target on Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Robert W. Baird set a $192.00 price objective on Diodes in a research report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Diodes has a consensus rating of “Moderate Buy” and an average price target of $130.83.

Diodes Stock Performance

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 company has a market cap of $4.04 billion, a price-to-earnings ratio of 47.47 and a beta of 1.90. The stock has a 50 day moving average price of $91.76 and a two-hundred day moving average price of $87.10.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.70 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 business had revenue of $445.53 million during the quarter, compared to the consensus estimate of $436.60 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’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. Analysts predict that Diodes Incorporated will post 3.18 EPS for the current year.

Hedge Funds Weigh In On Diodes

Several institutional investors and hedge funds have recently made changes to their positions in the company. Andar Capital Management HK Ltd bought a new position in Diodes during the second quarter worth about $80,000,000. BlackRock Inc. acquired a new position in Diodes in the second quarter valued at about $803,920,000. William Blair Investment Management LLC bought a new stake in shares of Diodes in the second quarter worth about $184,153,000. Bank of New York Mellon Corp bought a new stake in shares of Diodes in the second quarter worth about $41,421,000. Finally, Bank of America Corp DE bought a new stake in shares of Diodes in the second quarter worth about $21,374,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.