Should You Buy Diodes Incorporated (DIOD) Stock Now?

Diodes Incorporated's share price has risen by over 10% in the past couple of months, but the company is still trading at a high price-to-earnings ratio of 38.42x, well above the industry average. The company's earnings growth is expected to be only 2.6%, which doesn't help build its investment thesis. The stock's high beta suggests that its price can be volatile, providing another chance to invest in the future. However, the current valuation and outlook do not indicate a bargain opportunity.