Francis Tang Sells 3,643 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 3,643 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $108.00, for a total transaction of $393,444.00. Following the transaction, the chief technology officer owned 95,905 shares of the company’s stock, valued at $10,357,740. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Diodes Price Performance

Shares of NASDAQ:DIOD traded down $1.49 during trading on Wednesday, hitting $101.96. 584,624 shares of the company were exchanged, compared to its average volume of 508,091. The business’s 50 day moving average is $81.69 and its 200-day moving average is $64.26. The company has a market capitalization of $4.68 billion, a P/E ratio of 55.41 and a beta of 1.93. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80.

Diodes (NASDAQ:DIOD) last announced 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 company had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. Equities analysts forecast that Diodes Incorporated will post 2.58 earnings per share for the current year.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH increased its holdings in Diodes by 27.0% in the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock valued at $7,763,000 after purchasing an additional 31,013 shares during the period. Bessemer Group Inc. grew its holdings in Diodes by 178,733.7% during the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock worth $19,508,000 after acquiring an additional 366,404 shares during the period. JPMorgan Chase & Co. grew its holdings in Diodes by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after acquiring an additional 153,905 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Diodes by 8.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock worth $12,104,000 after acquiring an additional 17,363 shares during the period. Finally, Hodges Capital Management Inc. acquired a new stake in Diodes during the 3rd quarter worth about $1,968,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIOD has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Robert W. Baird set a $120.00 price objective on Diodes in a report on Friday, May 8th. Zacks Research upgraded Diodes from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings upgraded Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Finally, Benchmark increased their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Diodes presently has a consensus rating of “Moderate Buy” and an average target price 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.