Purchase Of Shares In Diodes Incorporated (DIOD) By LU KEH SHEW

BEPC Stock
BEPC Stock

As of Wednesday close, Diodes Incorporated’s (NASDAQ:DIOD) stock was up $2.14, moving up 2.43 percent to $90.22. The average number of shares traded per day over the past five days has been 252,200 shares. 3 times new highs have been achieved over the past 5 days, with a $4.19 gain in that time frame. In the last twenty days, the average volume was 265,135, while in the previous 50 days, it was 265,596.

Since last month, DIOD stock rose 22.98%. Shares of the company fell to $67.33 on 11/03/22, the lowest level in the past month. A 52-week high of $113.39 was reached on 01/03/22 after having rallying from a 52-week low of $58.52. Since the beginning of this year, DIOD’s stock price has dropped by -17.84% or -$19.59, and marked a new high 1 time. However, the stock has declined by -20.43% since its 52-week high.

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DIOD stock investors should be aware that Diodes Incorporated (DIOD) stock had its last reported insider trading activity 6 days ago on Nov 18. LU KEH SHEW, the President & CEO of the company, disposed of 6,026 shares for $89.50 on Nov 18. It resulted in a $539,327 divestment by the insider. Whitmire Brett R sold 3,436 shares at an average price of $85.86 on Nov 16. The insider now owns 23,689 shares following the transaction. On Nov 15, SVP, WW Power Products Yu Evan sold 6,933 shares at $88.50 apiece. The transaction was valued at $613,570.

Valuation Metrics

Right now, Diodes Incorporated (DIOD) has a P/E ratio of about 13.63. The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 2.06, the price-to-book (PB) ratio of 2.94, and the price-to-cash flow ratio of 24.92 may also be considered.

Financial Health

In the three months ended June 29, Diodes Incorporated’s quick ratio stood at 1.80, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.18, and the total debt-to-equity ratio was 0.21. On the profitability front, the trailing twelve-month gross margin is 40.90% percent. In the year ended June 29, operating margins totaled 20.00%. Based on annual data, DIOD earned $670.36 million in gross profit and brought in $1.81 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.80%. Return on equity (ROE) for the past 12 months was 23.10%.

In Diodes Incorporated’s quarter-end financial report for June 29, it reported total debt of $251.17 million against cash and short-term investments of $6.91 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DIOD’s revenue rose 9.56% to $500.97 million during the quarter, while net income inched up to $521.27 million. While analysts expected Diodes Incorporated to report $1.74 quarterly earnings, the actual figure was $1.9 per share, beating the consensus estimate by 9.20%. During the quarter, the company generated $145.96 million in EBITDA. The liabilities of Diodes Incorporated were 899.86 million at the end of its most recent quarter ended June 29, and its total debt was $293.4 million. The value of shareholders’ equity is $45.47 million.

Technical Picture

This quick technical analysis looks at Diodes Incorporated’s (DIOD) price momentum. With a historical volatility rate of 41.78%, the RSI 9-day stood at 72.60% on 23 November.

With respect to its five-day moving average, the current Diodes Incorporated price is up by +4.87% percent or $4.19. At present, DIOD shares trade +24.27% above its 20-day simple moving average and +47.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately +34.64% above its SMA50 and -3.66% below its SMA200.

Stochastic coefficient K was 91.30% and Stochastic coefficient D was 89.37%, while ATR was 3.31. Given the Stochastic reading of 99.35% for the 14-day period, the RSI (14) reading has been calculated as 69.70%. As of today, the MACD Oscillator reading stands at 1.47, while the 14-day reading stands at 5.69.

Analyst Ratings

Diodes Incorporated (DIOD) has been rated Overweight by analysts. According to 0 brokerage firms, DIOD is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Diodes Incorporated stock as buy, with 3 recommending it as overweight.

With a median target price of $95.00, the current consensus forecast for the stock is $75.00 – $100.00. Based on these forecasts, analysts predict Diodes Incorporated (DIOD) will achieve an average price target of $91.40.


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