Diodes (NASDAQ:DIOD) CTO Sells $1,717,573.20 in Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 15,330 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $112.04, for a total value of $1,717,573.20. Following the completion of the sale, the chief technology officer directly owned 71,438 shares in the company, valued at approximately $8,003,913.52. The trade was a 17.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Francis Tang also recently made the following trade(s):

• On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The shares were sold at an average price of $110.08, for a total value of $550,400.00.
• On Tuesday, May 26th, Francis Tang sold 4,137 shares of Diodes stock. The shares were sold at an average price of $108.00, for a total value of $446,796.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The shares were sold at an average price of $108.00, for a total value of $393,444.00.

Diodes Price Performance

Shares of NASDAQ:DIOD traded down $4.36 on Monday, hitting $100.96. The company’s stock had a trading volume of 478,837 shares, compared to its average volume of 540,147. The company has a 50-day simple moving average of $91.18 and a 200 day simple moving average of $68.71. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $117.80. The company has a market capitalization of $4.64 billion, a PE ratio of 55.10 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share 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 firm had revenue of $405.47 million for the quarter, compared to analysts’ expectations of $396.33 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. Sell-side analysts forecast that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DIOD has been the subject of several recent analyst reports. Benchmark boosted 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. Robert W. Baird set a $120.00 price target on Diodes 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. Truist Financial boosted 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. Finally, Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. One 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 MarketBeat, Diodes presently has an average rating of “Buy” and an average price target of $113.00.

Institutional Trading of Diodes

Several hedge funds have recently bought and sold shares of DIOD. EverSource Wealth Advisors LLC grew its holdings in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 205 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Diodes by 51.4% in the fourth 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 in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Diodes in the second quarter valued at about $30,000. MAI Capital Management lifted its position in shares of Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 411 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Diodes in the third quarter valued at about $39,000. Institutional investors own 99.23% of the company’s stock.

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.