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

Diodes Incorporated (NASDAQ:DIOD) CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction that occurred on 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 directly owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Diodes Stock Up 2.8 %

NASDAQ:DIOD opened at $58.56 on Thursday. Diodes Incorporated has a 1-year low of $52.71 and a 1-year high of $86.74. 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 firm has a market cap of $2.71 billion, a PE ratio of 44.36 and a beta of 1.31. The company has a 50-day moving average of $61.97 and a 200 day moving average of $63.63.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $350.08 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.13 EPS. As a group, research analysts anticipate that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DIOD shares. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark lowered their target price on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, Truist Financial reduced their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.80.

Institutional Trading of Diodes

A number of institutional investors have recently bought and sold shares of DIOD. Squarepoint Ops LLC acquired a new position in shares of Diodes in the second quarter valued at about $299,000. The Manufacturers Life Insurance Company increased its holdings in Diodes by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,150 shares of the semiconductor company’s stock worth $1,809,000 after buying an additional 560 shares during the period. Algert Global LLC purchased a new position in Diodes during the 2nd quarter worth approximately $333,000. Creative Planning increased its stake in shares of Diodes by 75.5% in the second quarter. Creative Planning now owns 7,622 shares of the semiconductor company’s stock worth $548,000 after acquiring an additional 3,279 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Diodes during the second quarter worth $647,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Company Profile

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.