Brett R. Whitmire Sells 830 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Diodes Stock Down 2.6 %

Shares of NASDAQ DIOD opened at $57.02 on Friday. The firm has a 50 day moving average price of $61.83 and a 200 day moving average price of $63.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The stock has a market cap of $2.64 billion, a P/E ratio of 43.20 and a beta of 1.31. Diodes Incorporated has a 52-week low of $52.71 and a 52-week high of $86.74.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $350.08 million during the quarter, compared to analysts’ expectations of $346.30 million. Diodes had a net margin of 4.72% and a return on equity of 3.90%. During the same quarter in the prior year, the company earned $1.13 EPS. Analysts expect that Diodes Incorporated will post 1.35 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

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