Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Diodes Inc before investing.

In this article, we go over a few key elements for understanding Diodes Inc’s stock price such as:

• Diodes Inc’s current stock price and volume
• Why Diodes Inc’s stock price changed recently
• Upgrades and downgrades for DIOD from analysts
• DIOD’s stock price momentum as measured by its relative strength

About Diodes Inc (DIOD)

Before we jump into Diodes Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog, and mixed-signal semiconductor markets. The Company's products include diodes; rectifiers; transistors; MOSFETs; Silicon Carbide (SiC) diodes and MOSFETs; protection devices; logic; photocoupler; voltage translators; amplifiers and comparators; sensors; and power management devices, such as alternating current (AC)-direct current (DC) converters, DC-DC switching, linear voltage regulators, voltage references, light-emitting diode drivers, power switches, and voltage supervisors. It also has timing and connectivity solutions, including clock ICs, crystal oscillators, PCIe packet switches, multi-protocol switches, interface products, and signal integrity solutions for high-speed signals. It serves the industrial, automotive, computing, communications and consumer markets. Its mixed-signal products, including high speed mux/demux, digital switches, and others.

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Diodes Inc’s Stock Price as of Market Close

As of August 23, 2024, 4:00 PM, CST, Diodes Inc’s stock price was $71.28.

Diodes Inc is up 6.44% from its previous closing price of $66.97.

During the last market session, Diodes Inc’s stock traded between $66.62 and $69.66. Currently, there are 46.13 million shares of Diodes Inc stock available for purchase.

Diodes Inc’s price-earnings (P/E) ratio is currently at 32.3, which is high compared to the Semiconductors industry median of 28.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Diodes Inc Stock Price History

Diodes Inc’s (DIOD) price is currently down 8.85% so far this month.

During the month of August, Diodes Inc’s stock price has reached a high of $78.50 and a low of $58.96.

Over the last year, Diodes Inc has hit prices as high as $86.74 and as low as $58.96. Year to date, Diodes Inc’s stock is down 6.38%.

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What Caused Diodes Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 22, 2024, there were 3 analysts who downgraded Diodes Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Diodes Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Diodes Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Diodes Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Diodes Inc (DIOD) by visiting AAII Stock Evaluator.

Relative Price Strength of Diodes Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 22, 2024, Diodes Inc has a weighted four-quarter relative price strength of -10.56%, which translates to a Momentum Score of 32 and is considered to be Weak.

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Diodes Inc Stock Price: Bottom Line

As of August 23, 2024, Diodes Inc’s stock price is $71.28, which is up 6.44% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Diodes Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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