Emily Yang Sells 3,000 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 3,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total transaction of $330,240.00. Following the completion of the sale, the senior vice president owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, May 26th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $107.52, for a total transaction of $215,040.00.
• On Wednesday, May 20th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $96.81, for a total transaction of $193,620.00.
• On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $101.47, for a total transaction of $202,940.00.

Diodes Trading Up 0.7%

NASDAQ:DIOD opened at $109.89 on Friday. 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 firm has a market cap of $5.05 billion, a price-to-earnings ratio of 59.72 and a beta of 1.93. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $117.80. The firm has a 50-day moving average price of $90.41 and a two-hundred day moving average price of $68.30.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DIOD. EverSource Wealth Advisors LLC grew its stake in Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in Diodes in the 2nd quarter valued at approximately $30,000. MAI Capital Management grew its stake in Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 411 shares in the last quarter. Finally, Quarry LP purchased a new position in Diodes in the 3rd quarter valued at approximately $39,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Truist Financial increased their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Robert W. Baird set a $120.00 price objective on Diodes in a 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. Finally, Benchmark increased their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $113.00.

Key Headlines Impacting Diodes

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ latest earnings report was solid, with the company beating EPS and revenue estimates and posting 22.1% year-over-year revenue growth, which supports the recent move higher in the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting strong momentum after the earnings beat and improved analyst sentiment.
• Negative Sentiment: Multiple insiders, including CEO Gary Yu, CTO Francis Tang, SVP Emily Yang, SVP Andy Tsong, and insider Jin Zhao, sold shares over the past few days. This cluster of sales may make investors question whether management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks
• Negative Sentiment: Andy Tsong’s additional sale adds to the overall insider selling trend, reinforcing the cautious signal from executive activity. Andy Tsong Sells 1,582 Shares of Diodes (NASDAQ:DIOD) Stock

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.