Diodes (NASDAQ:DIOD) Reaches New 1-Year Low at $59.09

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DIOD shares. Truist Financial upped their price target on shares of Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Robert W. Baird boosted their price target on shares of Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Diodes presently has an average rating of “Hold” and a consensus target price of $74.20.

Diodes Trading Down 5.9 %

The company has a market cap of $2.72 billion, a price-to-earnings ratio of 17.11 and a beta of 1.35. The company’s 50 day moving average price is $75.04 and its 200 day moving average price is $71.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $301.90 million for the quarter, compared to analyst estimates of $305.47 million. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The business’s revenue was down 35.4% compared to the same quarter last year. During the same period last year, the company earned $1.59 earnings per share. Research analysts anticipate that Diodes Incorporated will post 1.8 EPS for the current year.

Insider Buying and Selling at Diodes

In other Diodes news, Director Peter M. Menard sold 630 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total value of $45,334.80. Following the sale, the director now 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 Securities & Exchange Commission, which is accessible through this link. In other Diodes news, CEO Keh Shew Lu sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.30, for a total value of $1,129,500.00. Following the completion of the sale, the chief executive officer now owns 87,331 shares in the company, valued at approximately $6,576,024.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter M. Menard sold 630 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the sale, the director now owns 18,050 shares in the company, valued at $1,298,878. The disclosure for this sale can be found here. Insiders sold 30,630 shares of company stock worth $2,272,715 over the last ninety days. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

Institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Diodes by 5.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,707 shares of the semiconductor company’s stock valued at $1,667,000 after buying an additional 1,033 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Diodes in the fourth quarter worth $143,000. Cerity Partners LLC bought a new stake in shares of Diodes during the fourth quarter worth $6,391,000. Louisiana State Employees Retirement System bought a new position in shares of Diodes in the fourth quarter valued at about $1,852,000. Finally, Outlook Wealth Advisors LLC acquired a new position in Diodes during the 4th quarter worth about $204,000. Institutional investors own 99.23% of the company’s stock.

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.