Diodes (NASDAQ:DIOD) Insider Sells $318,510.00 in Stock

by · The Markets Daily

Diodes Incorporated (NASDAQ:DIOD – Get Free Report) insider Richard Dallas White sold 3,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $106.17, for a total value of $318,510.00. Following the transaction, the insider directly owned 8,071 shares in the company, valued at $856,898.07. The trade was a 27.10% 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.

Diodes Price Performance

NASDAQ DIOD opened at $116.22 on Thursday. The business’s fifty day moving average price is $93.83 and its 200-day moving average price is $70.08. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 63.16 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $121.96.

Diodes (NASDAQ:DIOD – Get Free Report) 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 predict that Diodes Incorporated will post 2.58 earnings per share for the current year.

Hedge Funds Weigh In On Diodes

Several large investors have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC purchased a new position in Diodes during the first quarter valued at approximately $216,000. Prospect Capital Advisors LLC purchased a new position in Diodes during the first quarter valued at approximately $2,853,000. Bank of America Corp DE lifted its holdings in Diodes by 11.3% during the first quarter. Bank of America Corp DE now owns 390,807 shares of the semiconductor company’s stock valued at $26,676,000 after purchasing an additional 39,668 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Diodes by 23.8% during the first quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company’s stock valued at $3,753,000 after purchasing an additional 10,579 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Diodes during the first quarter valued at approximately $344,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial boosted their target price 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. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $120.00 target price on shares of Diodes in a research report on Friday, May 8th. Finally, Benchmark boosted their target price on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $113.00.

Check Out Our Latest Analysis on Diodes

Diodes Company Profile

(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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