Diodes (NASDAQ:DIOD) SVP Emily Yang Sells 3,000 Shares of Stock
by Jessica Moore · The Cerbat GemDiodes Incorporated (NASDAQ:DIOD – Get Free Report) SVP Emily Yang sold 3,000 shares of Diodes stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total transaction of $330,240.00. Following the sale, the senior vice president owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Emily Yang also recently made the following trade(s):
- On Tuesday, May 26th, Emily Yang sold 2,000 shares of Diodes stock. The stock was 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 stock was 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 stock was sold at an average price of $101.47, for a total value of $202,940.00.
Diodes Stock Up 0.8%
DIOD opened at $109.13 on Thursday. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 59.31 and a beta of 1.93. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80. The business’s fifty day moving average is $89.54 and its two-hundred day moving average is $67.84. 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 (NASDAQ:DIOD – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current fiscal year.
Diodes News Roundup
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
Wall Street Analysts Forecast Growth
Several research firms have issued reports on DIOD. 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 research note on Tuesday, May 12th. Benchmark raised their price target on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Truist Financial raised their price target on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a report on Friday, May 8th. One investment 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’s stock. According to data from MarketBeat, Diodes has a consensus rating of “Buy” and a consensus price target of $113.00.
Read Our Latest Research Report on Diodes
Institutional Trading of Diodes
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares during the period. Geneos Wealth Management Inc. purchased a new stake in Diodes in the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC grew its holdings in Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares during the period. MAI Capital Management grew its holdings in Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 411 shares during the period. Finally, Quarry LP purchased a new stake in Diodes in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
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.
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