Diodes Incorporated (NASDAQ:DIOD) President Sells $162,516.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) President Gary Yu sold 2,900 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Diodes Stock Performance

NASDAQ:DIOD opened at $55.24 on Friday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 41.85 and a beta of 1.31. Diodes Incorporated has a 1 year low of $52.71 and a 1 year high of $86.74. The stock’s 50 day simple moving average is $61.63 and its two-hundred day simple moving average is $63.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. Diodes had a net margin of 4.72% and a return on equity of 3.90%. The company had revenue of $350.08 million for the quarter, compared to analysts’ expectations of $346.30 million. During the same quarter in the previous year, the business posted $1.13 earnings per share. As a group, equities analysts anticipate that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on DIOD. Benchmark cut their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th. Truist Financial cut their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Institutional Trading of Diodes

Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in Diodes by 130.9% in the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after acquiring an additional 988,671 shares in the last quarter. FMR LLC boosted its holdings in shares of Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after purchasing an additional 947,118 shares during the period. Cinctive Capital Management LP purchased a new position in shares of Diodes in the 3rd quarter worth approximately $7,791,000. Raymond James Financial Inc. bought a new position in shares of Diodes during the 4th quarter valued at approximately $7,063,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Diodes by 50.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company’s stock valued at $15,795,000 after buying an additional 85,943 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.