Emily Yang Sells 950 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 950 shares of the business’s stock in a transaction dated 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 owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Diodes Stock Performance

Shares of NASDAQ:DIOD opened at $58.56 on Thursday. Diodes Incorporated has a 12 month low of $52.71 and a 12 month high of $86.74. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $61.97 and a 200-day moving average price of $63.63. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 44.36 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (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 company had revenue of $350.08 million during the quarter, compared to analyst estimates of $346.30 million. During the same period last year, the business earned $1.13 EPS. As a group, equities analysts anticipate that Diodes Incorporated will post 1.35 EPS for the current year.

Institutional Trading of Diodes

Several institutional investors have recently bought and sold shares of DIOD. FMR LLC increased its position in shares of Diodes by 19.6% during the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after acquiring an additional 947,118 shares in the last quarter. Victory Capital Management Inc. raised its position in Diodes by 130.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after buying an additional 988,671 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Diodes by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after acquiring an additional 43,841 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Diodes by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock valued at $40,127,000 after purchasing an additional 31,089 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its position in Diodes by 9.5% during the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock valued at $18,653,000 after purchasing an additional 25,259 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.