Diodes (NASDAQ:DIOD) Sets New 1-Year Low - Time to Sell?

Diodes Incorporated (NASDAQ:DIOD - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $45.98 and last traded at $46.38, with a volume of 446264 shares changing hands. The stock had previously closed at $49.10.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Benchmark cut their target price on shares of 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 price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th.

Diodes Price 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 market capitalization of $2.13 billion, a price-to-earnings ratio of 48.36 and a beta of 1.31. The stock's 50 day moving average price is $56.42 and its two-hundred day moving average price is $60.41.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

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Insider Buying and Selling

In related news, President Gary Yu sold 2,900 shares of the company's stock in a transaction 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 completion of the sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 830 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares of the company's stock, valued at $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,680 shares of company stock worth $262,267. Corporate insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Diodes

Hedge funds have recently bought and sold shares of the company. Pitcairn Co. raised its position in Diodes by 4.2% in the fourth quarter. Pitcairn Co. now owns 5,208 shares of the semiconductor company's stock worth $321,000 after purchasing an additional 208 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Diodes by 5.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,772 shares of the semiconductor company's stock worth $294,000 after purchasing an additional 262 shares in the last quarter. Corient Private Wealth LLC raised its position in Diodes by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company's stock worth $2,005,000 after purchasing an additional 328 shares in the last quarter. HighTower Advisors LLC raised its position in Diodes by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company's stock worth $524,000 after purchasing an additional 335 shares in the last quarter. Finally, KBC Group NV raised its position 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 currently 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.