Insider Selling: Diodes (NASDAQ:DIOD) CEO Sells 3,632 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CEO Gary Yu sold 3,632 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $399,810.56. Following the transaction, the chief executive officer directly owned 108,147 shares of the company’s stock, valued at $11,904,821.76. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Diodes Stock Up 0.8%

Shares of DIOD stock traded up $0.89 on Wednesday, hitting $109.13. 1,041,773 shares of the stock were exchanged, compared to its average volume of 530,253. 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 firm has a market capitalization of $5.01 billion, a P/E ratio of 59.31 and a beta of 1.93. The business has a 50-day moving average of $88.68 and a 200 day moving average of $67.43. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $117.80.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data 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 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%.Diodes’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. Equities analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Institutional Investors Weigh In On Diodes

A number of large investors have recently added to or reduced their stakes in DIOD. EverSource Wealth Advisors LLC raised its stake in Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares during the period. Farther Finance Advisors LLC raised its stake in Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. bought a new stake in Diodes in the 2nd quarter valued at $30,000. MAI Capital Management raised its stake in Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 411 shares during the period. Finally, Quarry LP bought a new stake in Diodes in the 3rd quarter valued at $39,000. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Truist Financial increased their price target on Diodes from $98.00 to $139.00 and gave the company a “buy” rating 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. Robert W. Baird set a $120.00 price target on Diodes in a research report on Friday, May 8th. Finally, Benchmark increased their price target on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One 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 stock. According to MarketBeat, Diodes has an average rating of “Buy” and an average price target of $113.00.

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.