Diodes (NASDAQ:DIOD) Hits New 1-Year Low – Here’s What Happened

Diodes Incorporated (NASDAQ:DIOD)’s share price reached a new 52-week low 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

Several brokerages have weighed in on DIOD. Benchmark cut their price target on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report 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 Stock Performance

The firm has a fifty day moving average price of $51.37 and a 200 day moving average price of $58.40. The firm has a market capitalization of $1.72 billion, a PE ratio of 38.98 and a beta of 1.31. 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 quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share 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%. Research analysts anticipate 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 firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Emily Yang sold 950 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the transaction, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock worth $262,267 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Diodes

A number of institutional investors have recently added to or reduced their stakes in DIOD. Smartleaf Asset Management LLC grew its position in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after buying an additional 522 shares during the period. Quantbot Technologies LP bought a new position in shares of Diodes during the 4th quarter worth approximately $79,000. Sterling Capital Management LLC increased its position 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 valued at $80,000 after purchasing an additional 1,145 shares during the last quarter. KBC Group NV raised its position in Diodes by 36.7% in the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 533 shares during the period. Finally, Xponance Inc. bought a new position in Diodes during the fourth quarter valued at $203,000. 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.