Shares of Diodes Incorporated (NASDAQ:DIOD - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $43.44 and last traded at $43.49, with a volume of 64039 shares. The stock had previously closed at $46.23.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Truist Financial reduced their price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, February 12th. Benchmark reduced their target price on shares of Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th.
Get Our Latest Analysis on DIOD
Diodes Stock Performance
The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $51.76 and a 200 day moving average of $58.51. The stock has a market capitalization of $2.00 billion, a P/E ratio of 45.35 and a beta of 1.31.
Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.36% and a return on equity of 3.28%. Research analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.
Insider Buying and Selling at Diodes
In related news, 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 sale, the senior vice president now owns 65,107 shares in the company, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Gary Yu sold 2,900 shares of the business'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 $162,516.00. Following the completion of the transaction, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Diodes by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company's stock valued at $40,127,000 after purchasing an additional 31,089 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Diodes by 54.7% during the third quarter. Citigroup Inc. now owns 64,505 shares of the semiconductor company's stock worth $4,134,000 after purchasing an additional 22,817 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Diodes by 2.6% in the third quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company's stock valued at $1,653,000 after buying an additional 649 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Diodes by 114.4% in the third quarter. BNP Paribas Financial Markets now owns 48,665 shares of the semiconductor company's stock valued at $3,119,000 after buying an additional 25,969 shares during the last quarter. Finally, Walleye Capital LLC raised its holdings in shares of Diodes by 166.9% in the third quarter. Walleye Capital LLC now owns 14,111 shares of the semiconductor company's stock valued at $904,000 after buying an additional 35,198 shares during the last quarter. Institutional investors own 99.23% of the company's stock.
About Diodes
(
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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.
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