Insider Selling: Diodes (NASDAQ:DIOD) Insider Sells $394,206.54 in Stock

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 3,689 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.86, for a total value of $394,206.54. Following the completion of the sale, the insider directly owned 43,531 shares of the company’s stock, valued at $4,651,722.66. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jin Zhao also recently made the following trade(s):

• On Tuesday, May 12th, Jin Zhao sold 2,760 shares of Diodes stock. The shares were sold at an average price of $102.36, for a total value of $282,513.60.

Diodes Stock Performance

NASDAQ DIOD opened at $105.32 on Friday. The company has a market cap of $4.84 billion, a P/E ratio of 57.24 and a beta of 1.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. The stock has a 50-day moving average of $91.18 and a two-hundred day moving average of $68.56. Diodes Incorporated has a 1-year low of $42.28 and a 1-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, beating 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 return on equity of 3.48% and a net margin of 5.50%.Diodes’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. As a group, analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DIOD. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. 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 price objective on Diodes in a research note on Friday, May 8th. Truist Financial lifted their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Benchmark lifted their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $113.00.

Hedge Funds Weigh In On Diodes

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Diodes during the second quarter worth approximately $30,000. MAI Capital Management lifted its stake in Diodes by 150.0% during the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 411 shares during the last quarter. Finally, Quarry LP purchased a new stake in Diodes during the third quarter worth approximately $39,000. Hedge funds and other institutional investors 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.