Andy Tsong Sells 1,582 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Andy Tsong sold 1,582 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total transaction of $169,194.90. Following the completion of the sale, the senior vice president directly owned 48,170 shares in the company, valued at approximately $5,151,781.50. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Andy Tsong also recently made the following trade(s):

• On Tuesday, May 12th, Andy Tsong sold 2,652 shares of Diodes stock. The stock was sold at an average price of $110.00, for a total transaction of $291,720.00.

Diodes Trading Up 0.8%

DIOD stock traded up $0.89 during midday trading on Wednesday, hitting $109.13. The stock had a trading volume of 1,041,773 shares, compared to its average volume of 530,253. 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 firm has a market cap of $5.01 billion, a P/E ratio of 59.31 and a beta of 1.93. The business has a fifty day moving average price of $88.68 and a two-hundred day moving average price of $67.43. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80.

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

Hedge Funds Weigh In On Diodes

A number of hedge funds have recently added to or reduced their stakes in DIOD. EverSource Wealth Advisors LLC increased its holdings in 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 in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Diodes in the second quarter valued at approximately $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 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.

Analyst Ratings Changes

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