Diodes (NASDAQ:DIOD) SVP Emily Yang Sells 2,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $96.81, for a total value of $193,620.00. Following the completion of the sale, the senior vice president directly owned 66,878 shares of the company’s stock, valued at approximately $6,474,459.18. This represents a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Emily Yang also recently made the following trade(s):

• On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $101.47, for a total transaction of $202,940.00.

Diodes Stock Performance

Diodes stock opened at $96.30 on Friday. The firm has a 50 day simple moving average of $86.31 and a 200-day simple moving average of $66.37. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 52.34 and a beta of 1.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The firm had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. During the same period last year, the company earned $0.19 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts expect that Diodes Incorporated will post 2.58 EPS for the current 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. EverSource Wealth Advisors LLC grew its holdings in shares of Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Diodes during the 2nd quarter valued at approximately $30,000. MAI Capital Management lifted its position in Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 411 shares during the period. Finally, Quarry LP acquired a new stake in Diodes during the 3rd quarter worth approximately $39,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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