Insider Selling: Diodes (NASDAQ:DIOD) Insider Sells $282,513.60 in Stock

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 2,760 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $102.36, for a total value of $282,513.60. Following the completion of the sale, the insider owned 47,220 shares in the company, valued at $4,833,439.20. The trade was a 5.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Diodes Stock Performance

Diodes stock opened at $100.04 on Friday. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.60 billion, a P/E ratio of 54.37 and a beta of 1.93. The stock’s 50 day moving average is $83.71 and its 200 day moving average is $65.15. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $117.80.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. The company had revenue of $405.47 million for 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 firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. On average, equities research analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DIOD has been the topic of several analyst reports. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Benchmark upped their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Truist Financial upped their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One 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 MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $113.00.

Hedge Funds Weigh In On Diodes

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. lifted its holdings in shares of Diodes by 191.2% during the 1st quarter. Sei Investments Co. now owns 96,100 shares of the semiconductor company’s stock valued at $6,560,000 after buying an additional 63,102 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Diodes by 56.7% during the 1st quarter. Cetera Investment Advisers now owns 6,726 shares of the semiconductor company’s stock valued at $459,000 after buying an additional 2,433 shares during the period. NewEdge Wealth LLC bought a new position in shares of Diodes during the 1st quarter valued at $213,000. First Trust Advisors LP lifted its holdings in shares of Diodes by 56.0% during the 1st quarter. First Trust Advisors LP now owns 65,577 shares of the semiconductor company’s stock valued at $4,476,000 after buying an additional 23,532 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Diodes by 7.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,494 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 460 shares during the period. 99.23% of the stock is 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.