Diodes (NASDAQ:DIOD) Reaches New 1-Year Low – Should You Sell?

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

Analyst Ratings Changes

Several analysts have weighed in on DIOD shares. Benchmark dropped their price target on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Truist Financial dropped their target price on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, February 12th.

Diodes Stock Performance

The firm’s fifty day simple moving average is $50.37 and its 200 day simple moving average is $58.08. The company has a market capitalization of $1.63 billion, a PE ratio of 36.95 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 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, research analysts predict that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Activity

In related news, President Gary Yu sold 2,900 shares of Diodes 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 completion of the transaction, the president now owns 79,697 shares in the company, valued at $4,466,219.88. The trade was a 3.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 830 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 $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % 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 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Diodes

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in Diodes by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after buying an additional 58,597 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after acquiring an additional 43,841 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 522 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Diodes in the 4th quarter valued at $970,000. Finally, Raymond James Financial Inc. acquired a new stake in Diodes during the 4th quarter worth $7,063,000. 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.