Insider Selling: Diodes (NASDAQ:DIOD) SVP Sells 2,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $96.81, for a total value of $193,620.00. Following the completion of the sale, the senior vice president owned 66,878 shares of the company’s stock, valued at approximately $6,474,459.18. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Emily Yang also recently made the following trade(s):

• On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $101.47, for a total value of $202,940.00.

Diodes Price Performance

Shares of DIOD stock traded down $0.76 during trading on Thursday, hitting $96.40. The company had a trading volume of 317,144 shares, compared to its average volume of 515,840. 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 $4.43 billion, a P/E ratio of 52.32 and a beta of 1.93. The stock’s 50-day moving average price is $85.65 and its 200 day moving average price is $66.07. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The firm had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. During the same period in the prior year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts expect that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DIOD shares. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Robert W. Baird set a $120.00 target price on Diodes in a research note on Friday, May 8th. Benchmark lifted their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings raised shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Finally, Truist Financial lifted their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $113.00.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 205 shares during the period. Farther Finance Advisors LLC increased its holdings in Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Diodes in the second quarter valued at $30,000. MAI Capital Management increased its holdings in Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 411 shares during the period. Finally, Quarry LP acquired a new stake in Diodes in the third quarter valued at $39,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.