Francis Tang Sells 15,330 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIODGet Free Report) CTO Francis Tang sold 15,330 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $112.04, for a total value of $1,717,573.20. Following the sale, the chief technology officer owned 71,438 shares in the company, valued at $8,003,913.52. The trade was a 17.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Francis Tang also recently made the following trade(s):

  • On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The shares were sold at an average price of $110.08, for a total value of $550,400.00.
  • On Tuesday, May 26th, Francis Tang sold 4,137 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total value of $446,796.00.
  • On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total value of $393,444.00.

Diodes Trading Up 11.9%

NASDAQ DIOD opened at $114.13 on Wednesday. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $91.88 and a 200-day moving average of $69.10. The company has a market cap of $5.24 billion, a PE ratio of 62.03 and a beta of 1.90.

Diodes (NASDAQ:DIODGet Free Report) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The business had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The firm’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 earned $0.19 earnings per share. On average, equities research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DIOD shares. Robert W. Baird set a $120.00 target price on shares of Diodes in a research note on Friday, May 8th. Benchmark upped their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Truist Financial raised their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $113.00.

Read Our Latest Research Report on DIOD

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 205 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Diodes in the second quarter valued at approximately $30,000. MAI Capital Management increased its stake in shares of Diodes by 150.0% during the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 411 shares during the period. Finally, Quarry LP bought a new position in shares of Diodes during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.

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

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