Diodes (NASDAQ:DIOD) SVP Sells $202,940.00 in Stock

Diodes Incorporated (NASDAQ:DIODGet Free Report) SVP Emily Yang sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $101.47, for a total value of $202,940.00. Following the sale, the senior vice president directly owned 68,878 shares of the company’s stock, valued at $6,989,050.66. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Diodes Stock Down 0.6%

DIOD traded down $0.54 during midday trading on Tuesday, reaching $94.30. 160,724 shares of the company were exchanged, compared to its average volume of 511,916. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. The company’s fifty day moving average price is $84.31 and its 200 day moving average price is $65.48. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 51.07 and a beta of 1.93. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80.

Diodes (NASDAQ:DIODGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. As a group, analysts expect that Diodes Incorporated will post 2.58 EPS for the current year.

Hedge Funds Weigh In On Diodes

Institutional investors and hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH grew its holdings in Diodes by 27.0% during the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock valued at $7,763,000 after purchasing an additional 31,013 shares during the period. Bessemer Group Inc. grew its holdings in Diodes by 178,733.7% during the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after purchasing an additional 366,404 shares during the period. JPMorgan Chase & Co. grew its holdings in Diodes by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after purchasing an additional 153,905 shares during the period. Evergreen Capital Management LLC bought a new position in Diodes during the fourth quarter valued at $476,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Diodes by 8.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock valued at $12,104,000 after purchasing an additional 17,363 shares during the period. 99.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Benchmark upped their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Robert W. Baird set a $120.00 target price on Diodes in a report on Friday, May 8th. Finally, Truist Financial upped their target price on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $113.00.

Check Out Our Latest Report on Diodes

Diodes Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Diodes (NASDAQ:DIOD)

Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.