Diodes (NASDAQ:DIOD) CTO Francis Tang Sells 4,137 Shares

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 4,137 shares of Diodes stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $108.00, for a total value of $446,796.00. Following the completion of the sale, the chief technology officer directly owned 91,768 shares in the company, valued at $9,910,944. This trade represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Francis Tang also recently made the following trade(s):

• On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The stock was sold at an average price of $110.08, for a total value of $550,400.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total value of $393,444.00.

Diodes Price Performance

NASDAQ:DIOD traded up $0.89 during trading hours on Wednesday, reaching $109.13. The stock had a trading volume of 1,041,773 shares, compared to its average volume of 530,253. The stock has a market capitalization of $5.01 billion, a PE ratio of 59.31 and a beta of 1.93. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $117.80. The company has a 50 day moving average price of $88.68 and a two-hundred day moving average price of $67.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping 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 business had revenue of $405.47 million for the quarter, compared to analysts’ expectations of $396.33 million. During the same period in the prior year, the firm earned $0.19 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Diodes

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Diodes by 77.4% during the 2nd 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 period. Farther Finance Advisors LLC raised its position in Diodes by 51.4% in the 4th 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. Geneos Wealth Management Inc. bought a new stake in Diodes in the second quarter worth about $30,000. MAI Capital Management boosted its position in shares of Diodes by 150.0% during the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 411 shares during the period. Finally, Quarry LP purchased a new position in shares of Diodes during the third quarter valued at approximately $39,000. Hedge funds and other 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.