Insider Selling: Diodes (NASDAQ:DIOD) CEO Sells $399,810.56 in Stock

Diodes Incorporated (NASDAQ:DIOD) CEO Gary Yu sold 3,632 shares of Diodes stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the transaction, the chief executive officer directly owned 108,147 shares of the company’s stock, valued at approximately $11,904,821.76. This represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Diodes Price Performance

DIOD opened at $105.32 on Friday. The stock has a 50-day moving average price of $91.18 and a 200-day moving average price of $68.56. 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 firm has a market cap of $4.84 billion, a PE ratio of 57.24 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 quarterly 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 during the quarter, compared to analyst estimates of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.Diodes’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. Sell-side analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Institutional Trading of Diodes

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Diodes in the second quarter valued at about $30,000. Farther Finance Advisors LLC increased its position in shares of 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 purchasing an additional 200 shares during the last quarter. MAI Capital Management increased its position in shares of Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 411 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Diodes during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIOD. Robert W. Baird set a $120.00 price target on Diodes in a research report on Friday, May 8th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Benchmark boosted 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. Truist Financial boosted 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. Finally, Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Diodes presently has a consensus rating of “Buy” and a consensus target price of $113.00.

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.