Diodes (NASDAQ:DIOD) CTO Sells $550,400.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 5,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $550,400.00. Following the transaction, the chief technology officer directly owned 86,768 shares in the company, valued at $9,551,421.44. The trade was a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Francis Tang also recently made the following trade(s):

• On Tuesday, May 26th, Francis Tang sold 4,137 shares of Diodes stock. The shares were sold at an average price of $108.00, for a total value of $446,796.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The shares were sold at an average price of $108.00, for a total value of $393,444.00.

Diodes Stock Performance

Shares of NASDAQ DIOD traded up $0.89 during midday trading on Wednesday, hitting $109.13. 1,041,773 shares of the stock traded hands, compared to its average volume of 530,253. The firm has a 50-day moving average of $88.68 and a two-hundred day moving average of $67.43. The firm has a market capitalization of $5.01 billion, a P/E ratio of 59.31 and a beta of 1.93. 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 one year low of $42.28 and a one year high of $117.80.

Diodes (NASDAQ:DIOD) last released 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 firm had revenue of $405.47 million for 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 company’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. On average, equities analysts forecast that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DIOD. Benchmark increased their price target on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $120.00 price objective on Diodes in a research note on Friday, May 8th. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Truist Financial upped 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. Finally, Zacks Research upgraded 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 given a Hold rating to the company. According to MarketBeat.com, Diodes has a consensus rating of “Buy” and a consensus price target of $113.00.

Institutional Investors Weigh In On Diodes

Several hedge funds and other institutional investors have recently modified their holdings of DIOD. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Diodes in the 3rd quarter worth $37,519,000. Victory Capital Management Inc. increased its stake in Diodes by 901.2% in the 4th quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock worth $25,145,000 after buying an additional 458,727 shares in the last quarter. Bessemer Group Inc. raised its holdings in Diodes by 178,733.7% during 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. Invesco Ltd. raised its holdings in Diodes by 183.0% during the third quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock valued at $27,617,000 after acquiring an additional 335,644 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Diodes by 132.3% during the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock valued at $21,267,000 after acquiring an additional 228,976 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.