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

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as $50.24 and last traded at $50.24, with a volume of 263884 shares traded. The stock had previously closed at $53.79.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial cut their price target on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday, February 12th. Benchmark cut their price target on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Finally, StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th.

Diodes Stock Performance

The firm's 50 day moving average price is $58.52 and its 200-day moving average price is $61.35. 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 market capitalization of $2.21 billion, a PE ratio of 50.16 and a beta of 1.31.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its 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, research analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

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Insider Transactions at Diodes

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 transaction, the chief financial officer now directly owns 51,525 shares of the company's stock, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Emily Yang sold 950 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 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 $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 have sold a total of 4,680 shares of company stock valued at $262,267 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Diodes by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company's stock worth $364,517,000 after purchasing an additional 102,263 shares in the last quarter. FMR LLC lifted its stake in Diodes by 2.0% in the 4th quarter. FMR LLC now owns 5,902,006 shares of the semiconductor company's stock worth $363,977,000 after purchasing an additional 116,872 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 168,545 shares in the last quarter. Earnest Partners LLC lifted its stake in Diodes by 0.4% in the 4th quarter. Earnest Partners LLC now owns 2,119,097 shares of the semiconductor company's stock worth $130,685,000 after purchasing an additional 7,552 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Diodes by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after purchasing an additional 163,374 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other 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.