Insider Selling: Diodes (NASDAQ:DIOD) CTO Sells 15,330 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $112.04, for a total value of $1,717,573.20. Following the completion of the sale, the chief technology officer owned 71,438 shares in the company, valued at $8,003,913.52. This represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The stock was sold at an average price of $110.08, for a total value of $550,400.00.
• 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 value 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 value of $393,444.00.

Diodes Price Performance

Shares of NASDAQ:DIOD traded down $4.36 during mid-day trading on Monday, reaching $100.96. The stock had a trading volume of 478,837 shares, compared to its average volume of 540,147. 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 company has a market cap of $4.64 billion, a P/E ratio of 55.10 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 business’s 50 day moving average price is $91.18 and its 200 day moving average price is $68.71.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIOD. Benchmark upped their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Truist Financial upped their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. One investment 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. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $113.00.

Institutional Investors Weigh In On Diodes

Several institutional investors have recently bought and sold shares of DIOD. Prospect Capital Advisors LLC purchased a new stake in shares of Diodes during the 1st quarter valued at approximately $2,853,000. Bank of America Corp DE grew its stake in shares of Diodes by 11.3% during the first quarter. Bank of America Corp DE now owns 390,807 shares of the semiconductor company’s stock valued at $26,676,000 after acquiring an additional 39,668 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Diodes by 23.8% during the first quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company’s stock worth $3,753,000 after purchasing an additional 10,579 shares during the last quarter. Empowered Funds LLC bought a new position in Diodes in the first quarter worth about $344,000. Finally, Quantinno Capital Management LP increased its stake in shares of Diodes by 8.9% during the first quarter. Quantinno Capital Management LP now owns 22,065 shares of the semiconductor company’s stock valued at $1,506,000 after acquiring an additional 1,807 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Company Profile

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.