NEW YORK ( TheStreet) -- Diodes (Nasdaq: DIOD) is trading at unusually high volume Thursday with 906,394 shares changing hands. It is currently at four times its average daily volume and trading up $3.54 (+13.8%) at $29.18 as of 12 p.m. ET. Diodes has a market cap of $1.2 billion and is part of the technology sector and electronics industry. Shares are down 5% year to date as of the close of trading on Wednesday.

Diodes Incorporated, together with its subsidiaries, engage in the manufacture and distribution of semiconductor products to manufacturers in the communications, computing, consumer electronics, industrial, and automotive markets worldwide. The company has a P/E ratio of 17.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Diodes as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Diodes Ratings Report.
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