Diodes Incorporated (NASDAQ:DIOD) SVP Sells $53,238.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 950 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the transaction, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Diodes Price Performance

Shares of NASDAQ:DIOD traded up $1.59 during trading on Wednesday, hitting $58.56. 273,615 shares of the stock were exchanged, compared to its average volume of 430,283. The company has a market cap of $2.71 billion, a PE ratio of 44.36 and a beta of 1.31. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $62.09 and a two-hundred day moving average price of $63.66. Diodes Incorporated has a 12-month low of $52.71 and a 12-month high of $86.74.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $350.08 million for the quarter, compared to the consensus estimate of $346.30 million. Diodes had a return on equity of 3.90% and a net margin of 4.72%. During the same period in the previous year, the business earned $1.13 earnings per share. On average, analysts forecast that Diodes Incorporated will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Truist Financial lowered their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Finally, Benchmark cut their target price on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Diodes has a consensus rating of “Hold” and an average target price of $72.80.

Institutional Trading of Diodes

Large investors have recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in Diodes in the 3rd quarter valued at approximately $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Diodes by 198.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 522 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Diodes by 68.9% during the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 312 shares during the last quarter. KBC Group NV increased its position in Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 368 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Diodes during the third quarter worth about $184,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.