Diodes (NASDAQ:DIOD) SVP Sells $57,807.50 in Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 950 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $57,807.50. Following the transaction, the senior vice president directly owned 74,032 shares of the company’s stock, valued at approximately $4,504,847.20. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Diodes Stock Up 1.9%

Shares of NASDAQ:DIOD opened at $60.84 on Friday. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $61.53. The firm’s 50 day moving average price is $53.83 and its 200 day moving average price is $52.54. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 44.09 and a beta of 1.66. The company has a quick ratio of 2.09, a current ratio of 3.32 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $392.17 million for the quarter, compared to analysts’ expectations of $392.17 million. Diodes had a return on equity of 2.81% and a net margin of 4.49%.Diodes’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. As a group, equities research analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DIOD. Zacks Research raised shares of Diodes from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Finally, Truist Financial upped their target price on shares of Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.33.

Institutional Trading of Diodes

Hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in shares of Diodes during the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Diodes by 77.4% in the 2nd 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 period. Farther Finance Advisors LLC increased its stake in Diodes by 51.4% in the 4th 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 in the last quarter. Geneos Wealth Management Inc. acquired a new position in Diodes during the second quarter worth $30,000. Finally, MAI Capital Management boosted its position in 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 in the last quarter. Institutional investors and hedge funds 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.