Andy Tsong Sells 2,652 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Andy Tsong sold 2,652 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $110.00, for a total transaction of $291,720.00. Following the completion of the sale, the senior vice president owned 49,752 shares in the company, valued at approximately $5,472,720. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Diodes Stock Down 1.4%

DIOD traded down $1.49 during midday trading on Wednesday, reaching $101.96. The company’s stock had a trading volume of 584,624 shares, compared to its average volume of 508,091. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 55.41 and a beta of 1.93. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $117.80. The stock’s 50-day moving average is $81.69 and its 200-day moving average is $64.26.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data 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 analysts’ expectations of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. As a group, research analysts expect that Diodes Incorporated will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Robert W. Baird set a $120.00 price target on shares of Diodes in a report on Friday, May 8th. Finally, Benchmark increased their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Diodes has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIOD. Arrowstreet Capital Limited Partnership bought a new position in Diodes during the third quarter valued at approximately $37,519,000. Victory Capital Management Inc. lifted its position in Diodes by 901.2% during the fourth quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock valued at $25,145,000 after purchasing an additional 458,727 shares during the period. Bessemer Group Inc. lifted its position 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. Invesco Ltd. lifted its position in Diodes by 183.0% during the third 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. Finally, Ameriprise Financial Inc. lifted its position in Diodes by 132.3% during the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock valued at $21,267,000 after purchasing an additional 228,976 shares during the period. Institutional investors 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.