Diodes (NASDAQ:DIOD) Sets New 52-Week Low – Time to Sell?

Diodes Incorporated (NASDAQ:DIOD)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $57.88 and last traded at $57.98, with a volume of 17152 shares traded. The stock had previously closed at $58.76.

Wall Street Analyst Weigh In

Several equities analysts have commented on DIOD shares. Truist Financial lowered their price target on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Benchmark lowered their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Diodes currently has an average rating of “Hold” and an average price target of $72.80.

Diodes Price Performance

The stock has a market cap of $2.55 billion, a P/E ratio of 41.67 and a beta of 1.32. The company has a 50 day simple moving average of $62.07 and a 200 day simple moving average of $68.89. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01.

Insider Transactions at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at $4,216,113.60. This represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,182 shares of company stock worth $1,640,921 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its position in Diodes by 19.6% in the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after purchasing an additional 947,118 shares during the last quarter. Vanguard Group Inc. grew its stake in Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after purchasing an additional 132,101 shares during the period. Earnest Partners LLC grew its stake in Diodes by 1.4% during the second quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock worth $184,946,000 after purchasing an additional 36,390 shares during the period. Dimensional Fund Advisors LP grew its stake in Diodes by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after purchasing an additional 988,671 shares during the period. 99.23% of the stock is currently owned by institutional investors.

About Diodes

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.