Insider Selling: Diodes (NASDAQ:DIOD) SVP Sells $169,194.90 in Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Andy Tsong sold 1,582 shares of Diodes stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.95, for a total value of $169,194.90. Following the sale, the senior vice president directly owned 48,170 shares of the company’s stock, valued at approximately $5,151,781.50. This trade represents a 3.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andy Tsong also recently made the following trade(s):

• On Tuesday, May 12th, Andy Tsong sold 2,652 shares of Diodes stock. The shares were sold at an average price of $110.00, for a total value of $291,720.00.

Diodes Trading Down 4.2%

NASDAQ DIOD opened at $105.32 on Friday. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $91.18 and a 200-day moving average of $68.56. The firm has a market cap of $4.84 billion, a PE ratio of 57.24 and a beta of 1.93.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.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 previous year, the business earned $0.19 EPS. Diodes’s revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Diodes Incorporated will post 2.58 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on DIOD shares. Benchmark upped their price target on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Truist Financial upped their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Diodes presently has a consensus rating of “Buy” and an average target price of $113.00.

Institutional Trading of Diodes

A number of hedge funds and other institutional investors have recently modified their holdings of DIOD. AQR Capital Management LLC increased its stake in Diodes by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after buying an additional 663 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Diodes by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after buying an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Diodes by 13.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after buying an additional 47,500 shares in the last quarter. Woodline Partners LP purchased a new position in shares of Diodes during the first quarter valued at about $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Diodes by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock valued at $4,521,000 after purchasing an additional 6,708 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.