Diodes (NASDAQ:DIOD) SVP Sells $202,940.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $101.47, for a total value of $202,940.00. Following the transaction, the senior vice president directly owned 68,878 shares of the company’s stock, valued at approximately $6,989,050.66. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Diodes Stock Performance

NASDAQ DIOD traded down $0.54 on Tuesday, hitting $94.30. 160,724 shares of the stock traded hands, compared to its average volume of 511,916. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 51.07 and a beta of 1.93. The business’s fifty day moving average is $84.31 and its two-hundred day moving average is $65.48. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. The firm had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Diodes

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Diodes by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after buying an additional 166,603 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Diodes by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock worth $166,294,000 after buying an additional 53,934 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Diodes by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock worth $66,640,000 after buying an additional 11,799 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in shares of Diodes by 1.6% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company’s stock worth $42,190,000 after buying an additional 13,420 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Diodes by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company’s stock worth $39,340,000 after buying an additional 17,506 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

DIOD has been the topic of several recent research reports. Robert W. Baird set a $120.00 target price on Diodes in a research report on Friday, May 8th. Truist Financial increased their target price on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Benchmark increased their target price on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $113.00.

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.