Diodes (NASDAQ:DIOD) Director Sells $7,521,360.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) Director Keh Shew Lu sold 111,000 shares of Diodes stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the completion of the sale, the director directly owned 180,131 shares of the company’s stock, valued at $12,205,676.56. The trade was a 38.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Diodes Trading Up 2.6%

Shares of DIOD stock traded up $1.76 during mid-day trading on Tuesday, hitting $69.68. 184,379 shares of the company’s stock were exchanged, compared to its average volume of 384,606. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 49.07 and a beta of 1.66. The company has a quick ratio of 2.08, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $81.71. The stock has a 50-day simple moving average of $57.75 and a two-hundred day simple moving average of $53.97.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The company had revenue of $391.58 million during the quarter, compared to the consensus estimate of $380.03 million. During the same quarter in the prior year, the company posted $0.27 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities analysts expect that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Diodes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in shares of Diodes by 178,733.7% during the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after acquiring an additional 366,404 shares during the last quarter. Rhumbline Advisers boosted its position in Diodes by 7.9% during the second quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock worth $7,739,000 after purchasing an additional 10,744 shares during the period. Allianz Asset Management GmbH grew its holdings in 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 last quarter. Pacer Advisors Inc. bought a new position in Diodes in the 3rd quarter worth $7,393,000. Finally, Hodges Capital Management Inc. acquired a new position in Diodes during the 3rd quarter worth $1,968,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Zacks Research lowered Diodes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Benchmark raised their price objective on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Truist Financial increased their target price on shares of Diodes from $54.00 to $67.00 and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.67.

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.