Diodes (NASDAQ:DIOD) CTO Francis Tang Sells 4,137 Shares

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 4,137 shares of Diodes stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $108.00, for a total transaction of $446,796.00. Following the sale, the chief technology officer directly owned 91,768 shares in the company, valued at $9,910,944. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total transaction of $393,444.00.

Diodes Stock Performance

Diodes stock opened at $109.13 on Thursday. Diodes Incorporated has a 12-month low of $42.28 and a 12-month high of $117.80. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 59.31 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 firm’s fifty day moving average price is $89.54 and its 200 day moving average price is $67.84.

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

Hedge Funds Weigh In On Diodes

Large investors have recently added to or reduced their stakes in the company. 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. Geneos Wealth Management Inc. acquired a new position in Diodes during the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC boosted its position in Diodes by 51.4% during the 4th 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. MAI Capital Management boosted its position in Diodes by 150.0% during the 3rd 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 position in Diodes during the 3rd quarter valued at approximately $39,000. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Robert W. Baird set a $120.00 price target on shares of Diodes in a report on Friday, May 8th. Benchmark upped 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. Finally, Truist Financial upped 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 equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $113.00.

Key Diodes News

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ recent earnings results were strong, with the company beating EPS and revenue expectations and delivering year-over-year revenue growth, helping support the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting momentum from improved operating performance and broader investor optimism.
• Negative Sentiment: A cluster of insider sales by the CEO, CTO, SVP, and other executives may raise concern that management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks

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.