DIOD Stock Summary and Trading Ideas (Diodes | NASDAQ:DIOD)

Diodes Inc is a manufacturer and supplier of high-quality application-specific products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. It serves the customer electronics, computing, communications, industrial, and automotive markets. The Company's products include diodes; rectifiers; transistors; MOSFETs; GPP bridges; GPP rectifiers; protection devices; function-specific arrays; single gate logic; amplifiers and comparators; Hall-effect and temperature sensors; and power management devices, including LED drivers, AC-DC converters and controllers, DC-DC switching and linear voltage regulators, voltage references along with special-function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers.

Diodes trades on the NASDAQ stock market under the symbol DIOD.

As of April 15, 2024, DIOD stock price declined to $67.88 with 328,950 million shares trading.

DIOD has a beta of 1.32, meaning it tends to be more sensitive to market movements. DIOD has a correlation of 0.19 to the broad based SPY ETF.

DIOD has a market cap of $3.12 billion. This is considered a Mid Cap stock.

Last quarter Diodes reported $323 million in Revenue and $.51 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.02.

In the last 3 years, DIOD stock traded as high as $113.98 and as low as $58.52.

The top ETF exchange traded funds that DIOD belongs to (by Net Assets): IJR, VTI, VB, IWM, AVUV.

DIOD has underperformed the market in the last year with a price return of -20.0% while the SPY ETF gained +23.9%. DIOD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and -3.8%, respectively, while the SPY returned +6.2% and -3.4%, respectively.

DIOD support price is $66.71 and resistance is $69.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DIOD stock will trade within this expected range on the day.