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

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 950 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the sale, the senior vice president now owns 65,107 shares of the company’s stock, valued at $3,648,596.28. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Diodes Price Performance

Shares of NASDAQ:DIOD traded up $1.59 during midday trading on Wednesday, hitting $58.56. The company had a trading volume of 273,615 shares, compared to its average volume of 430,283. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 44.36 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The business’s 50-day simple moving average is $62.09 and its 200-day simple moving average is $63.66.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DIOD. Truist Financial dropped their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Benchmark dropped their price target on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Diodes presently has an average rating of “Hold” and a consensus price target of $72.80.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DIOD. Truvestments Capital LLC acquired a new position in Diodes during the 3rd quarter worth about $29,000. Smartleaf Asset Management LLC grew its holdings in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Diodes by 68.9% during the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 312 shares in the last quarter. KBC Group NV raised its holdings in Diodes by 33.9% during the third 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 acquired a new position in shares of Diodes in the 3rd quarter valued at $184,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.