Diodes (NASDAQ:DIOD) CFO Brett Whitmire Sells 16,556 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CFO Brett Whitmire sold 16,556 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $103.34, for a total value of $1,710,897.04. Following the completion of the transaction, the chief financial officer owned 44,632 shares of the company’s stock, valued at $4,612,270.88. The trade was a 27.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $101.96 on Thursday. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 55.41 and a beta of 1.93. The business has a 50-day moving average of $82.29 and a 200-day moving average of $64.57. 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 Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $117.80.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data 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. 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 quarter last year, the company earned $0.19 EPS. As a group, sell-side analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Diodes

Several hedge funds have recently bought and sold shares of DIOD. AQR Capital Management LLC lifted its stake in Diodes by 12.4% in 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. lifted its stake in Diodes by 4.6% in 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. lifted its stake in Diodes by 13.8% in 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 acquired a new stake in Diodes in the 1st quarter valued at about $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Diodes by 6.8% in 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. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DIOD shares. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Robert W. Baird set a $120.00 price objective on Diodes in a report on Friday, May 8th. Benchmark raised their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings upgraded Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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.