Diodes (NASDAQ:DIOD) Insider Richard Dallas White Sells 3,000 Shares

Diodes Incorporated (NASDAQ:DIOD) insider Richard Dallas White sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $106.17, for a total value of $318,510.00. Following the completion of the transaction, the insider owned 8,071 shares of the company’s stock, valued at approximately $856,898.07. This represents a 27.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Diodes Stock Down 4.1%

NASDAQ DIOD traded down $4.36 on Monday, reaching $100.96. The company had a trading volume of 478,837 shares, compared to its average volume of 540,147. The firm has a market capitalization of $4.64 billion, a PE ratio of 54.87 and a beta of 1.90. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $117.80. The firm has a 50-day moving average of $91.18 and a 200-day moving average of $68.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS. On average, equities research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on DIOD shares. Benchmark increased their target price 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 increased their target price on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note 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. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Robert W. Baird set a $120.00 target price on Diodes in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $113.00.

Hedge Funds Weigh In On Diodes

Several large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its holdings in shares of Diodes by 27.0% during the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock valued at $7,763,000 after purchasing an additional 31,013 shares during the period. Bessemer Group Inc. increased its holdings in shares of 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. JPMorgan Chase & Co. increased its holdings in shares of Diodes by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after purchasing an additional 153,905 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Diodes during the fourth quarter valued at $476,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Diodes by 8.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock valued at $12,104,000 after purchasing an additional 17,363 shares during the period. 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.