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

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 3,689 shares of Diodes stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.86, for a total value of $394,206.54. Following the completion of the transaction, the insider directly owned 43,531 shares of the company’s stock, valued at approximately $4,651,722.66. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

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

Diodes Trading Up 0.8%

Shares of DIOD stock traded up $0.89 during mid-day trading on Wednesday, hitting $109.13. The company’s stock had a trading volume of 1,041,773 shares, compared to its average volume of 530,253. The company’s fifty day simple moving average is $88.68 and its 200-day simple moving average is $67.43. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $117.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. The company has a market cap of $5.01 billion, a PE ratio of 59.31 and a beta of 1.93.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The firm had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same period last year, the company posted $0.19 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities research analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Truist Financial boosted their target price on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Benchmark boosted their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $120.00 target price on Diodes in a research report on Friday, May 8th. Finally, Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $113.00.

Institutional Trading of Diodes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIOD. AQR Capital Management LLC increased its holdings in Diodes by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 663 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Diodes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after purchasing an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after purchasing an additional 47,500 shares in the last quarter. Woodline Partners LP bought a new stake in Diodes during the 1st quarter worth approximately $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Diodes by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock worth $4,521,000 after purchasing an additional 6,708 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

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.