Diodes (NASDAQ:DIOD) Shares Cross Above 200-Day Moving Average – Time to Sell?

Diodes Incorporated (NASDAQ:DIOD) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $52.26 and traded as high as $59.56. Diodes shares last traded at $59.04, with a volume of 251,669 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on DIOD. Wall Street Zen lowered Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Truist Financial boosted their price objective on shares of Diodes from $51.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Diodes in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Diodes presently has an average rating of “Hold” and an average target price of $55.33.

Diodes Stock Up 4.8%

The company’s 50-day moving average is $50.39 and its two-hundred day moving average is $52.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.09. The company has a market cap of $2.74 billion, a P/E ratio of 42.78 and a beta of 1.65.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $392.17 million for the quarter, compared to analysts’ expectations of $392.17 million. Diodes had a net margin of 4.49% and a return on equity of 2.81%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. As a group, equities analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the transaction, the director owned 244,397 shares in the company, valued at approximately $11,589,305.74. This represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Diodes

Institutional investors have recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new stake in shares of Diodes in the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Diodes in the second quarter valued at approximately $30,000. Fifth Third Bancorp grew its holdings in Diodes by 85.8% in the second quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 290 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.