Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang Sells 1,000 Shares

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Emily Yang also recently made the following trade(s):

• On Monday, August 26th, Emily Yang sold 1,272 shares of Diodes stock. The stock was sold at an average price of $72.16, for a total value of $91,787.52.

Diodes Trading Up 0.4 %

Shares of DIOD stock opened at $62.85 on Friday. The firm has a 50-day moving average price of $72.21 and a 200 day moving average price of $71.19. Diodes Incorporated has a twelve month low of $58.96 and a twelve month high of $86.74. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.13 and a beta of 1.32. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million. Diodes had a return on equity of 5.76% and a net margin of 7.12%. The firm’s revenue was down 31.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 EPS. Research analysts forecast that Diodes Incorporated will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of Diodes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new stake in Diodes in the 4th quarter valued at about $30,000. EntryPoint Capital LLC purchased a new stake in Diodes in the 1st quarter valued at about $40,000. Riverview Trust Co purchased a new stake in Diodes in the 1st quarter valued at about $51,000. Principal Securities Inc. purchased a new stake in Diodes in the 4th quarter valued at about $74,000. Finally, NBC Securities Inc. grew its holdings in shares of Diodes by 62.3% during the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 471 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. StockNews.com downgraded Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, Truist Financial cut their price target on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $73.20.

About Diodes

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.