Insider Selling: Diodes Incorporated (NASDAQ:DIOD) CFO Sells 830 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CFO Brett R. Whitmire sold 830 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Diodes Stock Performance

Shares of NASDAQ DIOD traded up $1.59 during trading hours on Wednesday, reaching $58.56. 273,615 shares of the stock were exchanged, compared to its average volume of 430,283. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 44.36 and a beta of 1.31. The stock’s fifty day simple moving average is $62.09 and its 200 day simple moving average is $63.66. Diodes Incorporated has a 52 week low of $52.71 and a 52 week high of $86.74.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $350.08 million during the quarter, compared to the consensus estimate of $346.30 million. Diodes had a net margin of 4.72% and a return on equity of 3.90%. During the same quarter in the prior year, the firm earned $1.13 EPS. Sell-side analysts predict that Diodes Incorporated will post 1.35 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new stake in shares of Diodes during the 2nd quarter valued at about $299,000. The Manufacturers Life Insurance Company raised its position in Diodes by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,150 shares of the semiconductor company’s stock valued at $1,809,000 after purchasing an additional 560 shares during the last quarter. Algert Global LLC purchased a new stake in Diodes in the second quarter worth $333,000. Creative Planning boosted its stake in shares of Diodes by 75.5% during the 2nd quarter. Creative Planning now owns 7,622 shares of the semiconductor company’s stock valued at $548,000 after purchasing an additional 3,279 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Diodes in the 2nd quarter worth approximately $647,000. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on DIOD shares. Truist Financial dropped their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Benchmark cut their target price on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.80.

About Diodes

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.