Insider Selling: Diodes (NASDAQ:DIOD) CEO Sells 3,632 Shares of Stock

by · The Cerbat Gem

Diodes Incorporated (NASDAQ:DIOD – Get Free Report) CEO Gary Yu sold 3,632 shares of Diodes stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $399,810.56. Following the sale, the chief executive officer directly owned 108,147 shares of the company’s stock, valued at approximately $11,904,821.76. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Diodes Stock Performance

NASDAQ DIOD traded up $0.89 on Wednesday, reaching $109.13. The stock had a trading volume of 1,041,773 shares, compared to its average volume of 530,253. 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 has a fifty day moving average of $88.68 and a two-hundred day moving average of $67.43. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80. The company has a market cap of $5.01 billion, a P/E ratio of 59.31 and a beta of 1.93.

Diodes (NASDAQ:DIOD – Get Free Report) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates 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%.The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 earnings per share. On average, equities research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Analyst Ratings Changes

DIOD has been the subject of a number of recent research reports. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. 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 research report on Friday, May 8th. Benchmark increased their price target on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Robert W. Baird set a $120.00 target price on Diodes in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Diodes presently has a consensus rating of “Buy” and a consensus price target of $113.00.

View Our Latest Analysis on DIOD

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after acquiring an additional 166,603 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Diodes by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after purchasing an additional 53,934 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Diodes by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock valued at $66,640,000 after purchasing an additional 11,799 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in Diodes by 1.6% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company’s stock worth $42,190,000 after purchasing an additional 13,420 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Diodes by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company’s stock valued at $39,340,000 after purchasing an additional 17,506 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

About Diodes

(Get Free Report)

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.

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