Emily Yang Sells 950 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the transaction, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Diodes Stock Down 3.1 %

NASDAQ DIOD opened at $55.24 on Friday. The stock has a 50 day moving average price of $61.63 and a 200-day moving average price of $63.39. Diodes Incorporated has a one year low of $52.71 and a one year high of $86.74. The company has a market capitalization of $2.56 billion, a P/E ratio of 41.85 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. Diodes had a net margin of 4.72% and a return on equity of 3.90%. The business had revenue of $350.08 million during the quarter, compared to analyst estimates of $346.30 million. During the same quarter last year, the business earned $1.13 earnings per share. As a group, equities analysts predict that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DIOD. FMR LLC raised its position in Diodes by 19.6% during the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after purchasing an additional 947,118 shares during the period. Victory Capital Management Inc. increased its position in shares of Diodes by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock valued at $117,636,000 after purchasing an additional 163,374 shares during the last quarter. Geode Capital Management LLC raised its holdings in Diodes by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after buying an additional 43,841 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Diodes by 9.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company’s stock worth $42,382,000 after buying an additional 61,139 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its stake in Diodes by 9.5% during the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock worth $18,653,000 after buying an additional 25,259 shares during the period. Institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

DIOD has been the topic of several research analyst reports. Benchmark lowered their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Truist Financial dropped their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.