Diodes (NASDAQ:DIOD) Sets New 52-Week Low – Should You Sell?

Diodes Incorporated (NASDAQ:DIOD) shares reached a new 52-week low on Friday . The company traded as low as $43.44 and last traded at $43.49, with a volume of 64039 shares. The stock had previously closed at $46.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DIOD shares. Benchmark dropped their price target on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Truist Financial dropped their target price on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th.

Diodes Stock Down 6.3 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The company has a market capitalization of $2.01 billion, a PE ratio of 45.60 and a beta of 1.31. The business’s 50 day simple moving average is $52.52 and its 200 day simple moving average is $58.78.

Diodes (NASDAQ:DIOD) last released 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%. As a group, analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at Diodes

In related news, SVP Emily Yang sold 950 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $53,238.00. Following the transaction, the senior vice president now owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Gary Yu sold 2,900 shares of Diodes stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Diodes

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Diodes by 34.8% during the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after acquiring an additional 58,597 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Diodes by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after purchasing an additional 31,089 shares during the period. Geode Capital Management LLC increased its holdings in Diodes by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after purchasing an additional 43,841 shares during the period. Smartleaf Asset Management LLC raised its position in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Diodes in the 4th quarter valued at about $970,000. 99.23% of the stock is currently 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.