Diodes Incorporated (NASDAQ:DIOD – Get Free Report) SVP Andy Tsong sold 1,582 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.95, for a total transaction of $169,194.90. Following the transaction, the senior vice president owned 48,170 shares in the company, valued at approximately $5,151,781.50. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Andy Tsong also recently made the following trade(s):
- On Tuesday, May 12th, Andy Tsong sold 2,652 shares of Diodes stock. The stock was sold at an average price of $110.00, for a total transaction of $291,720.00.
Diodes Stock Up 0.7%
Shares of Diodes stock opened at $109.89 on Friday. 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 1 year low of $42.28 and a 1 year high of $117.80. The firm’s 50-day moving average is $90.41 and its two-hundred day moving average is $68.30. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 59.72 and a beta of 1.93.
Hedge Funds Weigh In On Diodes
Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 205 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Diodes by 51.4% during 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. acquired a new position in shares of Diodes during the second quarter valued at about $30,000. MAI Capital Management increased its holdings in shares of Diodes by 150.0% during 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 acquired a new position in shares of Diodes during the third quarter valued at about $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.
Key Headlines Impacting Diodes
Here are the key news stories impacting Diodes this week:
- Positive Sentiment: Diodes’ latest earnings report was solid, with the company beating EPS and revenue estimates and posting 22.1% year-over-year revenue growth, which supports the recent move higher in the stock.
- Neutral Sentiment: The stock has been trading near its 52-week high, reflecting strong momentum after the earnings beat and improved analyst sentiment.
- Negative Sentiment: Multiple insiders, including CEO Gary Yu, CTO Francis Tang, SVP Emily Yang, SVP Andy Tsong, and insider Jin Zhao, sold shares over the past few days. This cluster of sales may make investors question whether management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks
- Negative Sentiment: Andy Tsong’s additional sale adds to the overall insider selling trend, reinforcing the cautious signal from executive activity. Andy Tsong Sells 1,582 Shares of Diodes (NASDAQ:DIOD) Stock
Analysts Set New Price Targets
Several analysts have commented on DIOD shares. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Benchmark increased their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $120.00 price target on shares of Diodes in a research report on Friday, May 8th. Finally, Truist Financial increased their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Diodes has an average rating of “Buy” and a consensus price target of $113.00.
Check Out Our Latest Stock Analysis on DIOD
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.
Featured Articles
- Five stocks we like better than Diodes
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
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.
