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

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $96.81, for a total transaction of $193,620.00. Following the completion of the transaction, the senior vice president directly owned 66,878 shares in the company, valued at $6,474,459.18. This trade represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Emily Yang also recently made the following trade(s):

• On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The shares were sold at an average price of $101.47, for a total transaction of $202,940.00.

Diodes Stock Up 3.5%

DIOD stock opened at $99.65 on Friday. The firm has a market cap of $4.58 billion, a PE ratio of 54.16 and a beta of 1.93. 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 firm’s 50 day moving average price is $87.03 and its 200-day moving average price is $66.60. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80.

Diodes (NASDAQ:DIOD) last released 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. The firm had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS. On average, equities research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $120.00 price target on shares of Diodes in a research report on Friday, May 8th. Truist Financial lifted their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Benchmark lifted their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $113.00.

More Diodes News

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes appointed Angie Chen Button as Chairwoman of the Board after Keh-Shew Lu retired as chairman, a governance transition that appears orderly and may reassure investors about continuity. Diodes (DIOD) Appoints Angie Chen Button as Chairwoman of the Board
• Positive Sentiment: Recent commentary points to Diodes trading on stronger-than-expected first-quarter results and continued growth guidance, reinforcing the view that the company’s operating momentum remains intact. Assessing Diodes (DIOD) Valuation After Strong Q1 Results And Continued Growth Guidance
• Positive Sentiment: Analyst sentiment remains constructive after Diodes beat quarterly EPS and revenue estimates, with multiple firms recently raising price targets or upgrade ratings.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its position in Diodes by 27.0% in the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock valued at $7,763,000 after purchasing an additional 31,013 shares during the period. Bessemer Group Inc. raised its position in Diodes by 178,733.7% in the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after purchasing an additional 366,404 shares during the period. JPMorgan Chase & Co. raised its position in Diodes by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after purchasing an additional 153,905 shares during the period. Evergreen Capital Management LLC purchased a new stake in Diodes in the fourth quarter valued at approximately $476,000. Finally, Allspring Global Investments Holdings LLC raised its position in Diodes by 8.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock valued at $12,104,000 after purchasing an additional 17,363 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.