Diodes (NASDAQ:DIOD) CFO Sells $1,710,897.04 in Stock

Diodes Incorporated (NASDAQ:DIOD) CFO Brett Whitmire sold 16,556 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total transaction of $1,710,897.04. Following the sale, the chief financial officer directly owned 44,632 shares of the company’s stock, valued at approximately $4,612,270.88. This trade represents a 27.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Diodes Trading Down 3.5%

DIOD opened at $100.04 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 54.37 and a beta of 1.93. The firm has a 50 day simple moving average of $83.71 and a 200 day simple moving average of $65.15. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $117.80.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The business had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. Diodes’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, sell-side analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in Diodes during the second quarter worth $30,000. Farther Finance Advisors LLC raised its position in 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 acquiring an additional 200 shares in the last quarter. MAI Capital Management raised its position in Diodes by 150.0% during the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 411 shares in the last quarter. Finally, Quarry LP bought a new stake in Diodes during the third quarter worth $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.