Diodes (NASDAQ:DIOD) Director Keh Shew Lu Sells 6,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) Director Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the sale, the director owned 244,397 shares in the company, valued at $11,589,305.74. The trade was a 2.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Diodes Stock Performance

Shares of DIOD traded down $0.25 during mid-day trading on Friday, reaching $44.76. 32,923 shares of the company’s stock traded hands, compared to its average volume of 477,383. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. The business’s 50-day moving average price is $53.05 and its 200-day moving average price is $51.27. The stock has a market capitalization of $2.08 billion, a P/E ratio of 32.67 and a beta of 1.65. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $67.40.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 EPS for the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The firm had revenue of $350.37 million for the quarter. Equities analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

Institutional Investors Weigh In On Diodes

Several hedge funds have recently modified their holdings of DIOD. Vanguard Personalized Indexing Management LLC lifted its position in shares of Diodes by 51.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,304 shares of the semiconductor company’s stock valued at $439,000 after acquiring an additional 2,806 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Diodes by 52.0% during the second quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 259 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Diodes by 283.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 402 shares during the period. Hsbc Holdings PLC lifted its stake in Diodes by 13.1% in the 1st quarter. Hsbc Holdings PLC now owns 8,094 shares of the semiconductor company’s stock worth $344,000 after acquiring an additional 935 shares in the last quarter. Finally, US Bancorp DE boosted its position in Diodes by 6.4% during the 2nd quarter. US Bancorp DE now owns 26,331 shares of the semiconductor company’s stock worth $1,393,000 after acquiring an additional 1,590 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on DIOD shares. Truist Financial dropped their price target on shares of Diodes from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Weiss Ratings downgraded Diodes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Zacks Research lowered Diodes from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Wall Street Zen downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.33.

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.