Jin Zhao Sells 3,689 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 3,689 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.86, for a total transaction of $394,206.54. Following the completion of the transaction, the insider owned 43,531 shares of the company’s stock, valued at approximately $4,651,722.66. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jin Zhao also recently made the following trade(s):

• On Tuesday, May 12th, Jin Zhao sold 2,760 shares of Diodes stock. The shares were sold at an average price of $102.36, for a total value of $282,513.60.

Diodes Stock Up 0.7%

Shares of NASDAQ DIOD opened at $109.89 on Friday. The stock has a market cap of $5.05 billion, a PE ratio of 59.72 and a beta of 1.93. The company has a quick ratio of 1.97, a current ratio of 3.17 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. The business has a 50-day moving average price of $90.41 and a 200 day moving average price of $68.30.

Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The firm 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 firm earned $0.19 EPS. Equities research analysts forecast that Diodes Incorporated will post 2.58 earnings per share for the current year.

More 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

Analysts Set New Price Targets

DIOD has been the subject of a number of recent research reports. Zacks Research raised 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. Benchmark increased their price objective on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Truist Financial raised their target price on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating 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 issued a Hold rating to the company. According to data from MarketBeat, Diodes has a consensus rating of “Buy” and an average target price of $113.00.

Institutional Trading of Diodes

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Diodes by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after acquiring an additional 166,603 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after buying an additional 53,934 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Diodes by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock valued at $66,640,000 after buying an additional 11,799 shares during the period. Global Alpha Capital Management Ltd. lifted its holdings in shares of Diodes by 1.6% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company’s stock valued at $42,190,000 after buying an additional 13,420 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Diodes by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company’s stock valued at $39,340,000 after buying an additional 17,506 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.