Insider Selling: Diodes (NASDAQ:DIOD) CTO Sells $446,796.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 4,137 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $108.00, for a total transaction of $446,796.00. Following the completion of the sale, the chief technology officer directly owned 91,768 shares in the company, valued at approximately $9,910,944. This trade represents a 4.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Francis Tang also recently made the following trade(s):

• On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total transaction of $393,444.00.

Diodes Stock Down 4.2%

DIOD stock opened at $105.32 on Friday. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $117.80. The firm’s 50-day simple moving average is $91.18 and its 200 day simple moving average is $68.56. The stock has a market cap of $4.84 billion, a PE ratio of 57.24 and a beta of 1.93.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data 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 business had revenue of $405.47 million for the quarter, compared to analysts’ expectations of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. As a group, sell-side analysts predict that Diodes Incorporated will post 2.58 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Diodes in the second quarter worth about $30,000. Farther Finance Advisors LLC boosted its holdings in shares of Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares during the period. MAI Capital Management boosted its holdings in shares of Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after buying an additional 411 shares during the period. Finally, Quarry LP acquired a new position in shares of Diodes in the third quarter worth about $39,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.