Francis Tang Sells 3,643 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 3,643 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $108.00, for a total value of $393,444.00. Following the transaction, the chief technology officer directly owned 95,905 shares of the company’s stock, valued at $10,357,740. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Diodes Stock Performance

Shares of NASDAQ DIOD opened at $103.65 on Friday. The stock has a 50 day moving average price of $83.03 and a 200 day moving average price of $64.90. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $117.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. The stock has a market capitalization of $4.76 billion, a PE ratio of 56.33 and a beta of 1.93.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results 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 analysts’ expectations of $396.33 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DIOD shares. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Truist Financial raised their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Diodes has an average rating of “Buy” and a consensus target price of $113.00.

Hedge Funds Weigh In On Diodes

A number of large investors have recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in shares of Diodes by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 145 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of Diodes by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 186 shares during the period. Arizona State Retirement System increased its stake in shares of Diodes by 1.4% during the third quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 189 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Diodes by 51.4% during the fourth 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. Finally, Strs Ohio increased its stake in shares of Diodes by 2.2% during the fourth quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $449,000 after purchasing an additional 200 shares during the period. Institutional investors own 99.23% of the company’s stock.

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.