Diodes (NASDAQ:DIOD) Reaches New 52-Week Low at $59.09

Shares of Diodes Incorporated (NASDAQ:DIOD) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $59.09 and last traded at $59.10, with a volume of 640742 shares traded. The stock had previously closed at $62.80.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Robert W. Baird increased their price target on Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Truist Financial reduced their target price on shares of Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Diodes currently has an average rating of “Hold” and an average price target of $73.20.

Diodes Stock Up 7.5 %

The company’s 50 day moving average is $74.54 and its 200 day moving average is $71.44. The company has a market cap of $2.98 billion, a PE ratio of 17.78 and a beta of 1.35. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. The business had revenue of $319.80 million for the quarter, compared to the consensus estimate of $316.12 million. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The business’s revenue was down 31.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.59 EPS. As a group, analysts predict that Diodes Incorporated will post 1.8 earnings per share for the current fiscal year.

Insider Activity at Diodes

In other Diodes news, CEO Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $73.93, for a total transaction of $443,580.00. Following the completion of the sale, the chief executive officer now owns 102,996 shares in the company, valued at $7,614,494.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the transaction, the director now directly owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Keh Shew Lu sold 6,000 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $73.93, for a total transaction of $443,580.00. Following the sale, the chief executive officer now directly owns 102,996 shares in the company, valued at $7,614,494.28. The disclosure for this sale can be found here. Insiders have sold a total of 30,630 shares of company stock valued at $2,272,715 over the last ninety days. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Diodes

A number of institutional investors have recently modified their holdings of DIOD. GAMMA Investing LLC purchased a new position in Diodes during the fourth quarter worth approximately $30,000. EntryPoint Capital LLC purchased a new position in shares of Diodes during the 1st quarter valued at approximately $40,000. Riverview Trust Co acquired a new stake in Diodes in the 1st quarter valued at $51,000. Principal Securities Inc. purchased a new stake in Diodes in the 4th quarter worth $74,000. Finally, NBC Securities Inc. raised its position in Diodes by 62.3% during the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 471 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

About Diodes

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.