Diodes (NASDAQ:DIOD) Hits New 12-Month Low – Should You Sell?

Shares of Diodes Incorporated (NASDAQ:DIOD) reached a new 52-week low during trading on Thursday . The stock traded as low as $37.78 and last traded at $37.82, with a volume of 196051 shares. The stock had previously closed at $43.49.

Analysts Set New Price Targets

DIOD has been the subject of a number of analyst reports. Benchmark dropped 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 decreased their target price on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th.

Diodes Price Performance

The firm’s 50-day moving average price is $51.37 and its two-hundred day moving average price is $58.40. The stock has a market cap of $1.72 billion, a PE ratio of 38.98 and a beta of 1.31. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. On average, equities analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction 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 in the company, valued at $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of 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. Quantbot Technologies LP purchased a new stake in shares of Diodes in the fourth quarter valued at approximately $79,000. Sterling Capital Management LLC raised its stake in shares of Diodes by 789.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock worth $80,000 after buying an additional 1,145 shares during the period. KBC Group NV lifted its position in shares of Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 533 shares in the last quarter. Finally, Xponance Inc. acquired a new stake in Diodes in the 4th quarter valued at $203,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.