Bank of America sets USD 135.00 target for Diodes stock

Yahoo Finance reported that Bank of America initiated coverage of Diodes Incorporated (ISIN US2545431015) with a Buy rating and a USD 135.00 price target on October 6, 2026. Based on the USD 85.36 Nasdaq price, that target sits 58.15 percent above the shares. At 10:39 p.m. CEST, Diodes stock was trading at EUR 76.25 at Lang & Schwarz on October 15, 2026, while the Nasdaq price was down 1.56 percent versus its prior close.

Revenue reached USD 445.53 million

Diodes reported USD 445.53 million in revenue for the second quarter ended June 30, 2026, according to MarketBeat. That was 21.70 percent above the year-ago quarter, while net income attributable to common shareholders reached USD 46.65 million and the net profit margin was 10.47 percent for the same period.

The latest quarter also marked a sharp improvement from the first quarter of 2026. Revenue rose from USD 405.47 million to USD 445.53 million, while net income increased from USD 14.96 million to USD 46.65 million. The comparison is sequential, not year over year.

Stock remains below its yearly high

The Nasdaq quote stood at USD 85.36 at 4:00 p.m. ET on October 15, 2026, with 611,289 shares traded against an average volume of 575,598 shares. Diodes therefore closed the regular Nasdaq session below the EUR-denominated Lang & Schwarz indication that followed in after-hours trading.

The 52-week Nasdaq range was USD 42.28 to USD 125.99 on October 15, 2026. The USD 85.36 price was 32.25 percent below the yearly high and 102.03 percent above the yearly low, placing the stock closer to the middle of its annual range than to either boundary.

Valuation and analyst expectations

Diodes had a market capitalization of USD 3.9 billion and a P/E ratio of 46.14 on October 15, 2026. Its trailing dividend yield was 0.00 percent. MarketBeat reported that six analysts held a Moderate Buy consensus, with four Buy ratings and two Holds, and an average target of USD 135.00.

The next scheduled reporting date was not listed on the investor calendar fetched for this report. The company did, however, publish a September 24, 2026 release about automotive-compliant field-plated Super Barrier Rectifier products on its investor-relations page.

Comparison with peers

Diodes (Nasdaq, USD): minus 1.56 percent, P/E 46.14, market capitalization USD 3.9 billion

ON Semiconductor (Nasdaq, USD): plus 0.46 percent, P/E 47.24, market capitalization USD 28.7 billion

Microchip Technology (Nasdaq, USD): plus 4.22 percent, P/E 103.00, market capitalization USD 40.3 billion

Price and investor perspective

Bank of America's target gives the stock a clearly higher valuation reference than its October 15 Nasdaq price, while the latest quarterly revenue provides the operating counterpoint. The 21.70 percent year-over-year revenue increase is the main fundamental figure supporting the analyst view.

Diodes stock was trading at EUR 76.25 at Lang & Schwarz on October 15, 2026 at 10:39 p.m. CEST, with the Nasdaq price down 1.56 percent versus its prior close.

The further course of trading is shown by the continuously updated real-time quote of Diodes stock.