Keh Shew Lu Sells 111,000 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) Director Keh Shew Lu sold 111,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the transaction, the director owned 180,131 shares of the company’s stock, valued at approximately $12,205,676.56. The trade was a 38.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Diodes Stock Performance

Diodes stock traded up $1.76 during trading hours on Tuesday, hitting $69.68. The stock had a trading volume of 184,379 shares, compared to its average volume of 384,606. The company has a 50-day moving average of $57.75 and a two-hundred day moving average of $53.97. The company has a quick ratio of 2.08, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $81.71. The company has a market cap of $3.20 billion, a PE ratio of 49.07 and a beta of 1.66.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $391.58 million during the quarter, compared to analyst estimates of $380.03 million. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, equities research analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DIOD has been the subject of a number of research reports. Zacks Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Benchmark boosted their target price 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 upgraded Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Truist Financial raised their target price on shares of Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings raised shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.67.

Institutional Investors Weigh In On Diodes

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in Diodes by 178,733.7% during the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock worth $19,508,000 after purchasing an additional 366,404 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Diodes by 7.9% in the second quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock valued at $7,739,000 after buying an additional 10,744 shares during the period. Allianz Asset Management GmbH increased its position in shares of Diodes by 27.0% during the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock worth $7,763,000 after acquiring an additional 31,013 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Diodes during the third quarter worth $7,393,000. Finally, Hodges Capital Management Inc. acquired a new stake in shares of Diodes during the third quarter worth $1,968,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.