Analysts on Wall Street Lower Ratings for These 5 Stocks

02. Diodes Incorporated (NASDAQ:DIOD)

Price Reaction after the Downgrade: -3.46 (-5.05%)

Diodes Incorporated (NASDAQ:DIOD) is a leading American manufacturer of semiconductor products. The company has exposure to a variety of end markets including consumer electronics, computing, communications, industrial, and automotive industries. The company designs and manufactures a variety of products including diodes, rectifiers, transistors, MOSFETs, voltage regulators, and protection devices. Baird analyst Tristan Gerra recently revised the rating for Diodes Incorporated (NASDAQ:DIOD), downgrading the stock from Outperform to Neutral. This strategic shift was accompanied by a notable reduction in the price target, now set at $70.00, down from the previous $120.00. The latest market data reveals Diodes Incorporated (NASDAQ:DIOD) current stock price at $65.08, reflecting a decrease of 5.0% following the downgrade.