Diodes (NASDAQ:DIOD) Shares Gap Down – What’s Next?

Diodes Incorporated (NASDAQ:DIOD) gapped down before the market opened on Thursday . The stock had previously closed at $107.04, but opened at $101.55. Diodes shares last traded at $102.0250, with a volume of 61,389 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Robert W. Baird set a $192.00 price objective on Diodes in a research note on Thursday, August 6th. Finally, Truist Financial reduced their target price on shares of Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $135.00.

Diodes Trading Down 7.3%

The stock has a fifty day simple moving average of $99.08 and a 200 day simple moving average of $87.13. The firm has a market capitalization of $4.57 billion, a P/E ratio of 53.47 and a beta of 1.91. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its earnings results on Wednesday, August 5th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07. The firm had revenue of $445.53 million during the quarter, compared to analysts’ expectations of $436.60 million. Diodes had a return on equity of 4.33% and a net margin of 5.27%.The firm’s revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. Diodes has set its Q3 2026 guidance at 0.950-1.150 EPS. As a group, research analysts forecast that Diodes Incorporated will post 3.15 EPS for the current year.

Insider Buying and Selling at Diodes

In related news, insider Richard Dallas White sold 3,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $106.17, for a total transaction of $318,510.00. Following the completion of the transaction, the insider directly owned 8,071 shares of the company’s stock, valued at approximately $856,898.07. This trade represents a 27.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Francis Tang sold 15,330 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the transaction, the chief technology officer directly owned 71,438 shares of the company’s stock, valued at $8,003,913.52. This trade represents a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 45,370 shares of company stock worth $4,938,331. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Diodes

Several large investors have recently added to or reduced their stakes in the stock. Andar Capital Management HK Ltd purchased a new stake in shares of Diodes in the second quarter valued at $80,000,000. BlackRock Inc. purchased a new position in shares of Diodes during the 2nd quarter worth about $803,920,000. William Blair Investment Management LLC bought a new position in Diodes during the 2nd quarter valued at about $184,153,000. Arrowstreet Capital Limited Partnership bought a new position in Diodes during the 3rd quarter valued at about $37,519,000. Finally, Victory Capital Management Inc. raised its position in Diodes by 901.2% in the 4th quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock worth $25,145,000 after purchasing an additional 458,727 shares during the period. 99.23% of the stock is owned by institutional investors.

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.