Andy Tsong Sells 2,652 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Andy Tsong sold 2,652 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $110.00, for a total value of $291,720.00. Following the completion of the transaction, the senior vice president owned 49,752 shares in the company, valued at $5,472,720. The trade was a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Diodes Trading Up 1.7%

Shares of DIOD stock opened at $103.65 on Friday. The stock’s fifty day moving average is $83.03 and its two-hundred day moving average is $64.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. The firm has a market capitalization of $4.76 billion, a P/E ratio of 56.33 and a beta of 1.93. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $117.80.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The company had revenue of $405.47 million for 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%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. Research analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on DIOD. Benchmark boosted their price objective on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Truist Financial boosted their price objective on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $113.00.

Hedge Funds Weigh In On Diodes

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of Diodes in the 2nd quarter valued at $30,000. Farther Finance Advisors LLC raised its holdings in shares of Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares during the period. MAI Capital Management raised its holdings in shares of Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 411 shares during the period. Finally, Quarry LP purchased a new stake in shares of Diodes in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.