Emily Yang Sells 2,000 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $101.47, for a total value of $202,940.00. Following the sale, the senior vice president owned 68,878 shares of the company’s stock, valued at approximately $6,989,050.66. This represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Diodes Stock Performance

Shares of DIOD opened at $97.15 on Thursday. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The stock has a fifty day moving average price of $85.65 and a 200-day moving average price of $66.07. 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 firm has a market cap of $4.46 billion, a PE ratio of 52.80 and a beta of 1.93.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating 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 quarter in the prior year, the business posted $0.19 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings upgraded Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Benchmark upped 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. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $120.00 target price on Diodes in a research report on Friday, May 8th. Finally, Truist Financial upped 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. One investment 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.com, the stock has a consensus rating of “Buy” and a consensus price target of $113.00.

Hedge Funds Weigh In On Diodes

Hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of 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 acquiring an additional 205 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of Diodes in the 2nd quarter valued at $30,000. Farther Finance Advisors LLC grew its position in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 200 shares during the period. MAI Capital Management grew its position in Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 411 shares during the period. Finally, Quarry LP acquired a new stake in Diodes during the 3rd quarter worth about $39,000. 99.23% of the stock is owned by institutional investors and hedge funds.

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.