Current-voltage characteristics of diode structures with an active layer of a zinc oxide nanoparticle-polystyrene hybrid material (1:2 by weight) deposited by spin coating from solution were investigated. Aluminum and poly(3,4-ethylenedioxythiophene):polystyrene-sulfonate were used as electrodes. After a forming step, the conduction under reversed bias voltage can be raised or lowered in a gradual and reversible manner by applying forward and reverse bias voltages, respectively. Electrically induced switching between states with high and lower conductivities is possible on a time scale of 100ms and the conduction levels remain stable for over 1h.