Insider Selling: Diodes (NASDAQ:DIOD) Insider Sells $31,074.75 in Stock

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 525 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $59.19, for a total value of $31,074.75. Following the completion of the transaction, the insider directly owned 49,980 shares of the company’s stock, valued at $2,958,316.20. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Diodes Stock Up 1.9%

Diodes stock opened at $60.84 on Friday. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $61.53. The stock has a market capitalization of $2.82 billion, a PE ratio of 44.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.09. The business has a 50 day simple moving average of $53.83 and a 200-day simple moving average of $52.54.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company 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%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. On average, analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Diodes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Diodes by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after acquiring an additional 166,603 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Diodes by 56.9% during the second quarter. Global Alpha Capital Management Ltd. now owns 846,070 shares of the semiconductor company’s stock worth $44,749,000 after purchasing an additional 306,900 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Diodes during the third quarter worth about $37,519,000. Tributary Capital Management LLC lifted its holdings in shares of Diodes by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 646,240 shares of the semiconductor company’s stock valued at $34,386,000 after purchasing an additional 310,500 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Diodes by 183.0% in the 3rd quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock valued at $27,617,000 after purchasing an additional 335,644 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Company Profile

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.