Diodes (NASDAQ:DIOD) SVP Emily Yang Sells 2,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $101.47, for a total value of $202,940.00. Following the sale, the senior vice president owned 68,878 shares of the company’s stock, valued at $6,989,050.66. This trade represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Diodes Trading Down 1.1%

NASDAQ DIOD opened at $93.75 on Wednesday. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.31 billion, a PE ratio of 50.95 and a beta of 1.93. The firm’s fifty day simple moving average is $84.95 and its 200-day simple moving average is $65.76.

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. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. During the same period in the prior year, the business posted $0.19 earnings per share. Diodes’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Diodes

A number of large investors have recently bought and sold shares of DIOD. Bank of America Corp DE boosted its holdings in Diodes by 11.3% during the first quarter. Bank of America Corp DE now owns 390,807 shares of the semiconductor company’s stock valued at $26,676,000 after acquiring an additional 39,668 shares during the period. California State Teachers Retirement System boosted its holdings in Diodes by 23.8% during the first quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company’s stock valued at $3,753,000 after acquiring an additional 10,579 shares during the period. Empowered Funds LLC bought a new stake in Diodes during the first quarter valued at about $344,000. Quantinno Capital Management LP boosted its holdings in Diodes by 8.9% during the first quarter. Quantinno Capital Management LP now owns 22,065 shares of the semiconductor company’s stock valued at $1,506,000 after acquiring an additional 1,807 shares during the period. Finally, Sei Investments Co. boosted its holdings in Diodes by 191.2% during the first quarter. Sei Investments Co. now owns 96,100 shares of the semiconductor company’s stock valued at $6,560,000 after acquiring an additional 63,102 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIOD has been the topic of a number of research reports. Robert W. Baird set a $120.00 price target on shares of Diodes in a research note on Friday, May 8th. Truist Financial upped their price objective on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Benchmark upped their price objective on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $113.00.

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.