Insider Selling: Diodes Incorporated (NASDAQ:DIOD) CFO Sells $46,513.20 in Stock

Diodes Incorporated (NASDAQ:DIOD) CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Diodes Price Performance

DIOD stock opened at $55.24 on Friday. The company has a market capitalization of $2.56 billion, a PE ratio of 41.85 and a beta of 1.31. The company’s fifty day moving average price is $61.63 and its 200-day moving average price is $63.39. Diodes Incorporated has a one year low of $52.71 and a one year high of $86.74. 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 the consensus estimate of $346.30 million. During the same quarter in the prior year, the firm earned $1.13 EPS. On average, equities analysts anticipate that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Diodes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 312 shares during the last quarter. HighTower Advisors LLC increased its position in Diodes by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company’s stock worth $524,000 after purchasing an additional 335 shares during the last quarter. KBC Group NV raised its stake in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 368 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Diodes by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 425 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Diodes in the 3rd quarter worth $29,000. 99.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIOD. Benchmark dropped their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Truist Financial cut their price target on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

About Diodes

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.