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

Diodes Incorporated (NASDAQ:DIOD) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.24 and last traded at $50.24, with a volume of 263884 shares. The stock had previously closed at $53.79.

Wall Street Analysts Forecast Growth

DIOD has been the subject of a number of recent research reports. Benchmark lowered their price objective on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Truist Financial dropped their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th. Finally, StockNews.com raised 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 50 day moving average price of $59.30 and a 200-day moving average price of $61.70. The company has a market cap of $2.32 billion, a P/E ratio of 52.78 and a beta of 1.31. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 EPS 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%. Equities analysts expect that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Transactions at Diodes

In related news, President Gary Yu sold 2,900 shares of the 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 $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the sale, the chief financial officer now owns 51,525 shares of the company’s stock, valued at $2,887,461. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Large investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in Diodes during the third quarter valued at $29,000. Smartleaf Asset Management LLC lifted its position in shares of Diodes by 198.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Diodes during the fourth quarter worth approximately $79,000. Sterling Capital Management LLC grew its position in 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 purchasing an additional 1,145 shares in the last quarter. Finally, KBC Group NV lifted its position in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after buying an additional 368 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.