Gary Yu Sells 3,632 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) CEO Gary Yu sold 3,632 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the transaction, the chief executive officer directly owned 108,147 shares of the company’s stock, valued at $11,904,821.76. The trade was a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Diodes Price Performance

Shares of Diodes stock opened at $109.89 on Friday. The business has a 50 day simple moving average of $90.41 and a two-hundred day simple moving average of $68.30. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The stock has a market capitalization of $5.05 billion, a P/E ratio of 59.72 and a beta of 1.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97.

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

Institutional Investors Weigh In On Diodes

Several hedge funds and other institutional investors have recently made changes to their positions in DIOD. Vanguard Group Inc. increased its position in Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after purchasing an additional 166,603 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Diodes by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock worth $166,294,000 after purchasing an additional 53,934 shares during the last quarter. Geode Capital Management LLC increased its position in Diodes by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock worth $66,640,000 after purchasing an additional 11,799 shares during the last quarter. Global Alpha Capital Management Ltd. increased its position in Diodes by 1.6% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company’s stock worth $42,190,000 after purchasing an additional 13,420 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Diodes by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company’s stock worth $39,340,000 after purchasing an additional 17,506 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Ratings Changes

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

Trending Headlines about 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

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.