Diodes (NASDAQ:DIOD) CTO Francis Tang Sells 5,000 Shares

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the transaction, the chief technology officer owned 86,768 shares in the company, valued at approximately $9,551,421.44. This trade represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Francis Tang also recently made the following trade(s):

• On Tuesday, May 26th, Francis Tang sold 4,137 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total value of $446,796.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The shares were sold at an average price of $108.00, for a total value of $393,444.00.

Diodes Stock Performance

NASDAQ:DIOD opened at $109.13 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. The business has a 50 day moving average of $89.54 and a 200 day moving average of $67.84. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 59.31 and a beta of 1.93. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80.

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, beating the consensus estimate of $0.35 by $0.08. The firm had revenue of $405.47 million for the quarter, compared to analysts’ expectations of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, sell-side analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Key Stories Impacting Diodes

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ recent earnings results were strong, with the company beating EPS and revenue expectations and delivering year-over-year revenue growth, helping support the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting momentum from improved operating performance and broader investor optimism.
• Negative Sentiment: A cluster of insider sales by the CEO, CTO, SVP, and other executives may raise concern that management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DIOD shares. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Benchmark increased their price target on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Truist Financial increased their price target on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a research report on Friday, May 8th. One research 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 company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $113.00.

Institutional Trading of Diodes

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its position in Diodes by 27.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock valued at $7,763,000 after buying an additional 31,013 shares during the last quarter. Bessemer Group Inc. boosted its position in Diodes by 178,733.7% in the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after buying an additional 366,404 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Diodes by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after buying an additional 153,905 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Diodes in the 4th quarter valued at about $476,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Diodes by 8.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock valued at $12,104,000 after buying an additional 17,363 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

About Diodes

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.