Insider Selling: Diodes (NASDAQ:DIOD) SVP Sells $193,620.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $96.81, for a total transaction of $193,620.00. Following the sale, the senior vice president directly owned 66,878 shares of the company’s stock, valued at $6,474,459.18. The trade was a 2.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Emily Yang also recently made the following trade(s):

• On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $101.47, for a total transaction of $202,940.00.

Diodes Trading Up 3.5%

Shares of DIOD opened at $99.65 on Friday. The stock has a market capitalization of $4.58 billion, a P/E ratio of 54.16 and a beta of 1.93. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $87.03 and a two-hundred day simple moving average of $66.60. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $117.80.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. The business had revenue of $405.47 million during 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 firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 EPS. On average, research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Trending Headlines about Diodes

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes appointed Angie Chen Button as Chairwoman of the Board after Keh-Shew Lu retired as chairman, a governance transition that appears orderly and may reassure investors about continuity. Diodes (DIOD) Appoints Angie Chen Button as Chairwoman of the Board
• Positive Sentiment: Recent commentary points to Diodes trading on stronger-than-expected first-quarter results and continued growth guidance, reinforcing the view that the company’s operating momentum remains intact. Assessing Diodes (DIOD) Valuation After Strong Q1 Results And Continued Growth Guidance
• Positive Sentiment: Analyst sentiment remains constructive after Diodes beat quarterly EPS and revenue estimates, with multiple firms recently raising price targets or upgrade ratings.

Institutional Trading of Diodes

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Diodes by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after purchasing an additional 166,603 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Diodes by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after purchasing an additional 53,934 shares in the last quarter. Geode Capital Management LLC increased its stake in Diodes by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock valued at $66,640,000 after purchasing an additional 11,799 shares in the last quarter. Global Alpha Capital Management Ltd. increased its stake in Diodes by 1.6% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company’s stock valued at $42,190,000 after purchasing an additional 13,420 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Diodes by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company’s stock valued at $39,340,000 after purchasing an additional 17,506 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.