Francis Tang Sells 5,000 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 5,000 shares of Diodes stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $550,400.00. Following the sale, the chief technology officer owned 86,768 shares in the company, valued at $9,551,421.44. The trade was a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Francis Tang also recently made the following trade(s):

• On Tuesday, May 26th, Francis Tang sold 4,137 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total transaction of $446,796.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total transaction of $393,444.00.

Diodes Stock Up 0.7%

Diodes stock opened at $109.89 on Friday. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 59.72 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. The firm has a 50 day simple moving average of $90.41 and a 200 day simple moving average of $68.30.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data 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 in the previous year, the business earned $0.19 EPS. Diodes’s revenue was up 22.1% compared to the same quarter last year. On average, analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its stake in Diodes by 3.1% in the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 145 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Diodes by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 186 shares during the period. Arizona State Retirement System increased its holdings in Diodes by 1.4% during the third quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock valued at $730,000 after buying an additional 189 shares during the period. Farther Finance Advisors LLC increased its holdings in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares during the period. Finally, Strs Ohio increased its holdings in Diodes by 2.2% during the fourth quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock valued at $449,000 after buying an additional 200 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Key Diodes News

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ latest earnings report was solid, with the company beating EPS and revenue estimates and posting 22.1% year-over-year revenue growth, which supports the recent move higher in the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting strong momentum after the earnings beat and improved analyst sentiment.
• Negative Sentiment: Multiple insiders, including CEO Gary Yu, CTO Francis Tang, SVP Emily Yang, SVP Andy Tsong, and insider Jin Zhao, sold shares over the past few days. This cluster of sales may make investors question whether management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks
• Negative Sentiment: Andy Tsong’s additional sale adds to the overall insider selling trend, reinforcing the cautious signal from executive activity. Andy Tsong Sells 1,582 Shares of Diodes (NASDAQ:DIOD) Stock

Analyst Ratings Changes

DIOD has been the subject of a number of recent analyst reports. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Benchmark lifted their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Robert W. Baird set a $120.00 target price on Diodes in a report on Friday, May 8th. Finally, Truist Financial boosted their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company 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.