Diodes (NASDAQ:DIOD) SVP Sells 1,582 Shares

Diodes Incorporated (NASDAQ:DIOD) SVP Andy Tsong sold 1,582 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total value of $169,194.90. Following the completion of the sale, the senior vice president owned 48,170 shares of the company’s stock, valued at $5,151,781.50. This trade represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Andy Tsong also recently made the following trade(s):

• On Tuesday, May 12th, Andy Tsong sold 2,652 shares of Diodes stock. The stock was sold at an average price of $110.00, for a total value of $291,720.00.

Diodes Stock Performance

Shares of DIOD traded up $0.89 during midday trading on Wednesday, reaching $109.13. 1,041,773 shares of the stock were exchanged, compared to its average volume of 530,253. The stock’s 50 day simple moving average is $88.68 and its 200 day simple moving average is $67.43. The company has a market cap of $5.01 billion, a P/E ratio of 59.31 and a beta of 1.93. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $117.80. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

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

Hedge Funds Weigh In On Diodes

Hedge funds have recently modified their holdings of the business. Captrust Financial Advisors increased its holdings in Diodes by 3.1% in the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 145 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Diodes by 2.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 186 shares during the period. Arizona State Retirement System increased its stake in shares of Diodes by 1.4% in the third quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock valued at $730,000 after buying an additional 189 shares during the period. Farther Finance Advisors LLC raised its position in shares of Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Strs Ohio lifted its stake in shares of Diodes by 2.2% in the fourth quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $449,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DIOD. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Robert W. Baird set a $120.00 price objective on shares of Diodes in a research report on Friday, May 8th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Benchmark raised their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.