Insider Selling: Diodes Incorporated (NASDAQ:DIOD) SVP Sells 950 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 950 shares of Diodes stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the transaction, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Diodes Stock Performance

Shares of NASDAQ DIOD opened at $57.02 on Friday. The company has a 50-day simple moving average of $61.83 and a 200-day simple moving average of $63.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The company has a market cap of $2.64 billion, a PE ratio of 43.20 and a beta of 1.31. Diodes Incorporated has a 12 month low of $52.71 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. Diodes had a net margin of 4.72% and a return on equity of 3.90%. The firm had revenue of $350.08 million during the quarter, compared to analysts’ expectations of $346.30 million. During the same period in the previous year, the company earned $1.13 EPS. On average, equities analysts anticipate that Diodes Incorporated will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DIOD shares. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Truist Financial cut their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Finally, Benchmark reduced their target price on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Diodes presently has a consensus rating of “Hold” and an average target price of $72.80.

Hedge Funds Weigh In On Diodes

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Diodes in the 4th quarter worth about $7,063,000. Verdence Capital Advisors LLC purchased a new position in shares of Diodes during the 4th quarter worth about $250,000. Proficio Capital Partners LLC acquired a new stake in shares of Diodes in the fourth quarter worth approximately $970,000. Victory Capital Management Inc. grew its holdings in Diodes by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock valued at $117,636,000 after purchasing an additional 163,374 shares during the period. Finally, Keybank National Association OH increased its position in Diodes by 15.4% during the fourth quarter. Keybank National Association OH now owns 6,461 shares of the semiconductor company’s stock worth $398,000 after purchasing an additional 861 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.