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

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

Diodes Stock Up 2.8 %

Shares of DIOD stock traded up $1.59 during trading on Wednesday, hitting $58.56. 273,615 shares of the company were exchanged, compared to its average volume of 430,283. The business’s 50-day simple moving average is $62.09 and its 200 day simple moving average is $63.66. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 44.36 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results 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 net margin of 4.72% and a return on equity of 3.90%. The business had revenue of $350.08 million for the quarter, compared to analysts’ expectations of $346.30 million. During the same period in the previous year, the company posted $1.13 EPS. As a group, analysts forecast that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DIOD. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Truist Financial reduced their price target on shares of 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 lowered their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.80.

Institutional Investors Weigh In On Diodes

A number of hedge funds and other institutional investors have recently made changes to their positions in DIOD. Truvestments Capital LLC acquired a new position in Diodes in the third quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Diodes by 68.9% in the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after buying an additional 312 shares during the last quarter. KBC Group NV grew its position in shares of Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 368 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Diodes in the third quarter worth $184,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.