Key Points
- Director Keh Shew Lu sold 111,000 shares of Diodes on Feb. 20 at an average price of $67.76 for $7.52 million, cutting his stake by 38.13% to 180,131 shares valued at about $12.21 million.
- Diodes beat expectations for the quarter with EPS of $0.34 versus $0.26 expected and revenue of $391.6 million (up 15.4% year‑over‑year, above the $380.0 million estimate).
- Analyst views are mixed: the consensus rating is Hold with a $65.67 price target, though some firms have upgraded the stock or raised targets (e.g., Benchmark to $80, Wall Street Zen to Buy).
Diodes Incorporated (NASDAQ:DIOD - Get Free Report) Director Keh Shew Lu sold 111,000 shares of the company's stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the completion of the transaction, the director owned 180,131 shares of the company's stock, valued at approximately $12,205,676.56. The trade was a 38.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Diodes Stock Up 2.0%
Shares of DIOD stock opened at $69.29 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08. Diodes Incorporated has a one year low of $32.93 and a one year high of $81.71. The company's fifty day moving average price is $58.13 and its 200-day moving average price is $54.10. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 48.80 and a beta of 1.66.
Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. The business had revenue of $391.58 million during the quarter, compared to analyst estimates of $380.03 million. Diodes had a return on equity of 2.95% and a net margin of 4.46%.Diodes's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. Sell-side analysts expect that Diodes Incorporated will post 1.82 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Zacks Research downgraded Diodes from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 11th. Benchmark upped their target price on shares of Diodes from $62.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded shares of Diodes from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, January 21st. Truist Financial raised their price objective on Diodes from $54.00 to $67.00 and gave the company a "hold" rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised Diodes from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.67.
Read Our Latest Analysis on DIOD
Institutional Trading of Diodes
Several hedge funds have recently made changes to their positions in DIOD. Vanguard Group Inc. grew its position in Diodes by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company's stock worth $303,681,000 after acquiring an additional 166,603 shares in the last quarter. Geode Capital Management LLC raised its position in Diodes by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company's stock valued at $66,640,000 after purchasing an additional 11,799 shares during the period. Global Alpha Capital Management Ltd. lifted its stake in shares of Diodes by 1.6% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company's stock valued at $42,190,000 after purchasing an additional 13,420 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Diodes by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company's stock worth $39,340,000 after purchasing an additional 17,506 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Diodes in the 3rd quarter worth approximately $37,519,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
Diodes Company Profile
(
Get Free Report)
Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.
Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
