Diodes (NASDAQ:DIOD) SVP Emily Yang Sells 3,000 Shares

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 3,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $330,240.00. Following the completion of the transaction, the senior vice president owned 61,878 shares of the company’s stock, valued at $6,811,530.24. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, May 26th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $107.52, for a total value of $215,040.00.
• On Wednesday, May 20th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $96.81, for a total value of $193,620.00.
• 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 Trading Up 0.8%

Shares of DIOD stock traded up $0.89 on Wednesday, hitting $109.13. The company had a trading volume of 1,041,773 shares, compared to its average volume of 530,253. The firm has a market cap of $5.01 billion, a P/E ratio of 59.31 and a beta of 1.93. The stock’s 50-day moving average is $88.68 and its two-hundred day moving average is $67.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $117.80.

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

Institutional Investors Weigh In On Diodes

Hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its stake 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 acquiring an additional 31,013 shares during the period. Bessemer Group Inc. grew its stake in Diodes by 178,733.7% in the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after acquiring an additional 366,404 shares during the period. JPMorgan Chase & Co. grew its stake in Diodes by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after acquiring an additional 153,905 shares during the period. Evergreen Capital Management LLC acquired a new stake in Diodes in the fourth quarter valued at approximately $476,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Diodes by 8.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock valued at $12,104,000 after acquiring an additional 17,363 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DIOD shares. Truist Financial raised their target price on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Benchmark raised their target price on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Robert W. Baird set a $120.00 target price on Diodes in a research note on Friday, May 8th. Finally, Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $113.00.

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.