Diodes (NASDAQ:DIOD) Hits New 52-Week Low – What’s Next?

Diodes Incorporated (NASDAQ:DIOD) shares 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 changing hands. The stock had previously closed at $43.49.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented 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 note on Wednesday, February 12th. Truist Financial lowered their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th.

Diodes Price Performance

The firm has a market capitalization of $1.63 billion, a P/E ratio of 36.95 and a beta of 1.43. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $50.37 and a 200-day moving average price of $58.08.

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

Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 830 shares of Diodes 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 $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Gary Yu sold 2,900 shares of the 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 $162,516.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock valued at $262,267 over the last 90 days. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Diodes by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company’s stock worth $364,517,000 after buying an additional 102,263 shares in the last quarter. FMR LLC boosted its holdings in shares of Diodes by 2.0% in the 4th quarter. FMR LLC now owns 5,902,006 shares of the semiconductor company’s stock valued at $363,977,000 after buying an additional 116,872 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Diodes by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company’s stock worth $138,053,000 after buying an additional 168,545 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Diodes by 0.4% during the 4th quarter. Earnest Partners LLC now owns 2,119,097 shares of the semiconductor company’s stock worth $130,685,000 after acquiring an additional 7,552 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Diodes by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock valued at $117,636,000 after acquiring an additional 163,374 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.