Insider Selling: Diodes (NASDAQ:DIOD) SVP Sells $202,940.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $101.47, for a total transaction of $202,940.00. Following the completion of the transaction, the senior vice president directly owned 68,878 shares of the company’s stock, valued at approximately $6,989,050.66. The trade was a 2.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Emily Yang also recently made the following trade(s):

• On Wednesday, May 20th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $96.81, for a total value of $193,620.00.

Diodes Trading Down 0.9%

DIOD stock opened at $96.30 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. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $117.80. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 52.34 and a beta of 1.93. The firm’s fifty day simple moving average is $86.31 and its two-hundred day simple moving average is $66.37.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. During the same quarter last year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current year.

Analyst Ratings Changes

DIOD has been the topic of several recent analyst reports. Robert W. Baird set a $120.00 price objective on shares of Diodes in a report on Friday, May 8th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Benchmark upped their price objective on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Truist Financial lifted 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. One equities research 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 an average rating of “Buy” and an average target price of $113.00.

Institutional Trading of Diodes

A number of institutional investors and hedge funds have recently bought and sold shares of DIOD. Arrowstreet Capital Limited Partnership purchased a new stake in Diodes during the 3rd quarter worth approximately $37,519,000. Victory Capital Management Inc. boosted its position in shares of Diodes by 901.2% during the 4th quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock worth $25,145,000 after acquiring an additional 458,727 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Diodes by 178,733.7% in the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after purchasing an additional 366,404 shares in the last quarter. Invesco Ltd. grew its position in shares of Diodes by 183.0% in the 3rd quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock valued at $27,617,000 after buying an additional 335,644 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Diodes by 132.3% during the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock worth $21,267,000 after purchasing an additional 228,976 shares during the last quarter. 99.23% of the stock is currently 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.