Diodes (NASDAQ:DIOD) Hits New 12-Month Low – Time to Sell?

Diodes Incorporated (NASDAQ:DIOD)’s share price reached a new 52-week low on Thursday . The stock traded as low as $50.24 and last traded at $50.24, with a volume of 263884 shares changing hands. The stock had previously closed at $53.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial reduced their price target on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, February 12th. Benchmark dropped their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Diodes Stock Performance

The company has a market cap of $2.32 billion, a PE ratio of 52.78 and a beta of 1.31. The stock’s 50-day simple moving average is $59.30 and its 200 day simple moving average is $61.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. As a group, equities analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Buying and Selling at Diodes

In other Diodes news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the transaction, the president now owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DIOD. Truvestments Capital LLC purchased a new stake in shares of Diodes during the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC increased its stake in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after buying an additional 522 shares during the period. Quantbot Technologies LP acquired a new position in Diodes in the 4th quarter worth $79,000. Sterling Capital Management LLC grew its stake in shares of Diodes by 789.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,145 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 368 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.