Diodes (NASDAQ:DIOD) SVP Sells $215,040.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $107.52, for a total transaction of $215,040.00. Following the completion of the sale, the senior vice president directly owned 64,878 shares in the company, valued at approximately $6,975,682.56. This trade represents a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction 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 transaction of $193,620.00.
• On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $101.47, for a total transaction of $202,940.00.

Diodes Stock Down 4.2%

Shares of NASDAQ:DIOD opened at $105.32 on Friday. The firm’s 50 day moving average price is $91.18 and its 200 day moving average price is $68.56. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 57.24 and a beta of 1.93. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $117.80. 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 (NASDAQ:DIOD) last issued its 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. The firm had revenue of $405.47 million for the quarter, compared to analysts’ expectations of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. As a group, equities research analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Wall Street Zen raised shares of 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 shares of Diodes in a report on Friday, May 8th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Benchmark raised their price objective on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a 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 assigned a Hold rating to the company. Based on data from MarketBeat, Diodes has a consensus rating of “Buy” and a consensus price target of $113.00.

Hedge Funds Weigh In On Diodes

A number of hedge funds and other institutional investors have recently bought and sold shares of DIOD. AQR Capital Management LLC grew its position 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 buying an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 worth $1,172,000 after purchasing an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after purchasing an additional 47,500 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Diodes during the 1st quarter worth $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 worth $4,521,000 after purchasing an additional 6,708 shares in 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.