Insider Selling: Diodes (NASDAQ:DIOD) Insider Sells 2,760 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 2,760 shares of Diodes stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $102.36, for a total transaction of $282,513.60. Following the sale, the insider owned 47,220 shares of the company’s stock, valued at $4,833,439.20. The trade was a 5.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Diodes Trading Down 1.4%

DIOD traded down $1.49 on Wednesday, reaching $101.96. 584,624 shares of the company traded hands, compared to its average volume of 508,091. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80. The firm has a fifty day simple moving average of $81.69 and a two-hundred day simple moving average of $64.26. The company has a market cap of $4.68 billion, a P/E ratio of 55.41 and a beta of 1.93. 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 announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same quarter last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, equities research analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on DIOD. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Benchmark boosted their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $120.00 price target on shares of Diodes in a report on Friday, May 8th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Finally, Truist Financial boosted their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of Diodes by 3.1% during the 4th quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 145 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Diodes by 2.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock worth $416,000 after acquiring an additional 186 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Diodes by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock worth $730,000 after acquiring an additional 189 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Diodes by 2.2% during the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $449,000 after acquiring an additional 200 shares in the last quarter. 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.