Diodes (NASDAQ:DIOD) CTO Sells $393,444.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 3,643 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $108.00, for a total value of $393,444.00. Following the sale, the chief technology officer directly owned 95,905 shares of the company’s stock, valued at $10,357,740. This represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Diodes Trading Down 1.4%

Shares of NASDAQ DIOD traded down $1.49 during midday trading on Wednesday, hitting $101.96. The stock had a trading volume of 584,624 shares, compared to its average volume of 508,091. The company’s 50-day simple moving average is $81.69 and its 200 day simple moving average is $64.26. The firm has a market cap of $4.68 billion, a P/E ratio of 55.41 and a beta of 1.93. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $117.80. 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 (NASDAQ:DIOD) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $405.47 million during 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 business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. Research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Benchmark lifted their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Robert W. Baird set a $120.00 target price on Diodes in a research note on Friday, May 8th. Zacks Research raised Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Truist Financial lifted their target price on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its stake in Diodes by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 145 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Diodes by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 186 shares during the last quarter. Arizona State Retirement System lifted its stake in Diodes by 1.4% during the third quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 189 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Diodes by 2.2% during the fourth quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $449,000 after buying an additional 200 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

About Diodes

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.