Gary Yu Sells 2,900 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) President Gary Yu sold 2,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the transaction, the president now owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Diodes Trading Up 2.8 %

Diodes stock opened at $58.56 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. Diodes Incorporated has a one year low of $52.71 and a one year high of $86.74. The stock has a market capitalization of $2.71 billion, a PE ratio of 44.36 and a beta of 1.31. The business’s fifty day moving average is $61.97 and its 200 day moving average is $63.63.

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

Institutional Investors Weigh In On Diodes

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Diodes by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after purchasing an additional 58,597 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Diodes by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after purchasing an additional 31,089 shares during the last quarter. Geode Capital Management LLC boosted its position in Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after purchasing an additional 43,841 shares during the last quarter. Tributary Capital Management LLC boosted its position in Diodes by 9.5% in the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock worth $18,653,000 after purchasing an additional 25,259 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Diodes in the second quarter worth about $647,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DIOD has been the subject of a number of recent analyst reports. Benchmark decreased their target price on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial decreased 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.