Diodes (NASDAQ:DIOD) SVP Andy Tsong Sells 2,652 Shares

Diodes Incorporated (NASDAQ:DIOD) SVP Andy Tsong sold 2,652 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $110.00, for a total transaction of $291,720.00. Following the completion of the transaction, the senior vice president owned 49,752 shares in the company, valued at $5,472,720. The trade was a 5.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Diodes Trading Down 1.4%

Shares of DIOD stock traded down $1.49 during mid-day trading on Wednesday, reaching $101.96. The stock had a trading volume of 584,624 shares, compared to its average volume of 508,091. The stock’s 50-day moving average price is $81.69 and its two-hundred day moving average price is $64.26. Diodes Incorporated has a 52-week low of $42.28 and a 52-week high of $117.80. The firm has a market capitalization of $4.68 billion, a PE ratio of 55.41 and a beta of 1.93. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $405.47 million for the quarter, compared to analysts’ expectations of $396.33 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Truist Financial boosted 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. Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Benchmark boosted 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Hedge Funds Weigh In On Diodes

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in Diodes by 12.4% in the first quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 663 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Diodes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after purchasing an additional 1,186 shares during the period. Goldman Sachs Group Inc. grew its holdings in Diodes by 13.8% in the first quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after purchasing an additional 47,500 shares during the period. Woodline Partners LP purchased a new stake in Diodes in the first quarter worth about $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Diodes by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock worth $4,521,000 after purchasing an additional 6,708 shares during the period. 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.