Diodes (NASDAQ:DIOD) Insider Jin Zhao Sells 2,760 Shares

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 2,760 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $102.36, for a total transaction of $282,513.60. Following the completion of the sale, the insider directly owned 47,220 shares of the company’s stock, valued at $4,833,439.20. This trade represents a 5.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Diodes Trading Down 1.4%

NASDAQ DIOD opened at $101.96 on Thursday. The stock has a market cap of $4.68 billion, a P/E ratio of 55.41 and a beta of 1.93. The company’s fifty day simple moving average is $82.29 and its 200-day simple moving average is $64.57. 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 52 week low of $42.28 and a 52 week high of $117.80.

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

Institutional Investors Weigh In On Diodes

Institutional investors have recently modified their holdings of the stock. Sei Investments Co. lifted its position in shares of Diodes by 191.2% during the first quarter. Sei Investments Co. now owns 96,100 shares of the semiconductor company’s stock worth $6,560,000 after purchasing an additional 63,102 shares during the last quarter. Cetera Investment Advisers increased its holdings in Diodes by 56.7% in the first quarter. Cetera Investment Advisers now owns 6,726 shares of the semiconductor company’s stock valued at $459,000 after buying an additional 2,433 shares during the last quarter. NewEdge Wealth LLC acquired a new stake in Diodes during the first quarter valued at approximately $213,000. First Trust Advisors LP raised its stake in Diodes by 56.0% during the first quarter. First Trust Advisors LP now owns 65,577 shares of the semiconductor company’s stock valued at $4,476,000 after buying an additional 23,532 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Diodes by 7.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,494 shares of the semiconductor company’s stock worth $443,000 after buying an additional 460 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIOD. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. 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 report on Tuesday. Benchmark upped their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Robert W. Baird set a $120.00 target price on Diodes in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $113.00.

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.