Insider Selling: Diodes (NASDAQ:DIOD) SVP Sells 2,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of Diodes stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.52, for a total value of $215,040.00. Following the sale, the senior vice president directly owned 64,878 shares of the company’s stock, valued at approximately $6,975,682.56. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, May 27th, Emily Yang sold 3,000 shares of Diodes stock. The shares were sold at an average price of $110.08, for a total value of $330,240.00.
• 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.
• On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The stock was sold at an average price of $101.47, for a total value of $202,940.00.

Diodes Stock Up 0.8%

Shares of DIOD traded up $0.89 during trading hours on Wednesday, hitting $109.13. The company had a trading volume of 1,041,773 shares, compared to its average volume of 530,253. The company has a market capitalization of $5.01 billion, a PE ratio of 59.31 and a beta of 1.93. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80. The company’s fifty day moving average price is $88.68 and its two-hundred day moving average price is $67.43.

Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $396.33 million. During the same period in the prior year, the company posted $0.19 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts forecast that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Robert W. Baird set a $120.00 target price 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, May 12th. Benchmark upped their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Truist Financial upped their target price on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Diodes has a consensus rating of “Buy” and an average target price of $113.00.

Institutional Trading of Diodes

Several large investors have recently added to or reduced their stakes in DIOD. AQR Capital Management LLC grew its stake in Diodes by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Diodes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock valued at $1,172,000 after purchasing an additional 1,186 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock valued at $16,880,000 after purchasing an additional 47,500 shares during the last quarter. Woodline Partners LP purchased a new stake in Diodes during the 1st quarter valued at about $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Diodes by 6.8% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.