Diodes (NASDAQ:DIOD) SVP Andy Tsong Sells 1,582 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Andy Tsong sold 1,582 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total value of $169,194.90. Following the transaction, the senior vice president owned 48,170 shares in the company, valued at approximately $5,151,781.50. This trade represents a 3.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Andy Tsong also recently made the following trade(s):

• On Tuesday, May 12th, Andy Tsong sold 2,652 shares of Diodes stock. The stock was sold at an average price of $110.00, for a total transaction of $291,720.00.

Diodes Trading Up 0.8%

Shares of Diodes stock opened at $109.13 on Thursday. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $117.80. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $89.54 and its 200-day simple moving average is $67.84. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 59.31 and a beta of 1.93.

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

Institutional Trading of Diodes

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

Analyst Ratings Changes

Several brokerages recently issued reports on DIOD. Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Truist Financial raised their price target on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Benchmark increased their price objective on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Diodes has a consensus rating of “Buy” and a consensus target price of $113.00.

Key Diodes News

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ recent earnings results were strong, with the company beating EPS and revenue expectations and delivering year-over-year revenue growth, helping support the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting momentum from improved operating performance and broader investor optimism.
• Negative Sentiment: A cluster of insider sales by the CEO, CTO, SVP, and other executives may raise concern that management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks

About Diodes

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.