Diodes Incorporated (NASDAQ:DIOD - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $46.56 and last traded at $48.23, with a volume of 563336 shares. The stock had previously closed at $47.65.
Analyst Ratings Changes
DIOD has been the topic of a number of research analyst reports. StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Benchmark decreased their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, Truist Financial cut their target price on Diodes from $63.00 to $53.00 and set a "hold" 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 company has a fifty day moving average price of $57.63 and a 200 day moving average price of $61.05. The stock has a market cap of $2.27 billion, a PE ratio of 51.68 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 for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year.
Insiders Place Their Bets
In other Diodes news, 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 completion of the sale, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Gary Yu sold 2,900 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at $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. Insiders have sold a total of 4,680 shares of company stock valued at $262,267 in the last quarter. Insiders own 2.30% of the company's stock.
Institutional Investors Weigh In On Diodes
Several institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC bought a new position in Diodes in the third quarter worth about $29,000. Smartleaf Asset Management LLC raised its position in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 522 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Diodes during the fourth quarter valued at approximately $79,000. Sterling Capital Management LLC grew its stake in Diodes by 789.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock worth $80,000 after purchasing an additional 1,145 shares during the period. Finally, KBC Group NV raised its holdings in Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 368 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.
Diodes Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Diodes, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Diodes wasn't on the list.
While Diodes currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
