Diodes (NASDAQ:DIOD) Hits New 1-Year Low – Time to Sell?

Diodes Incorporated (NASDAQ:DIOD)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $45.98 and last traded at $46.38, with a volume of 446264 shares. The stock had previously closed at $49.10.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DIOD shares. Truist Financial reduced their price objective on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. Benchmark reduced 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.

Diodes Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The firm has a 50 day moving average of $56.42 and a 200-day moving average of $60.41. The stock has a market capitalization of $2.19 billion, a PE ratio of 49.78 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last announced 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 net margin of 3.36% and a return on equity of 3.28%. Research analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Activity

In related news, SVP Emily Yang sold 950 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the transaction, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett R. Whitmire sold 830 shares of the firm’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 value 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 disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock worth $262,267 in the last three months. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in shares of Diodes in the 3rd quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised 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 acquiring an additional 522 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Diodes in the 4th quarter valued at approximately $79,000. Sterling Capital Management LLC raised its stake in shares of Diodes by 789.7% in the 4th 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 raised its stake in shares of Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 368 shares in the last quarter. 99.23% of the stock is owned by 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.