Key Points
- Diodes SVP Emily Yang sold 2,000 shares on May 15 at an average price of $101.47, totaling about $202,940. After the sale, she still owned 68,878 shares, a 2.82% reduction in her stake.
- The company recently beat earnings expectations, reporting Q1 EPS of $0.43 versus the $0.35 consensus and revenue of $405.47 million, up 22.1% from a year earlier.
- Wall Street sentiment is constructive, with several analysts upgrading the stock and MarketBeat showing an average rating of “Buy” and a consensus target price of $113.00.
Diodes Incorporated (NASDAQ:DIOD - Get Free Report) SVP Emily Yang sold 2,000 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $101.47, for a total transaction of $202,940.00. Following the sale, the senior vice president owned 68,878 shares of the company's stock, valued at $6,989,050.66. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Diodes Stock Down 1.1%
DIOD stock opened at $93.75 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. Diodes Incorporated has a 52-week low of $42.28 and a 52-week high of $117.80. The company has a 50-day moving average of $84.95 and a two-hundred day moving average of $65.76. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 50.95 and a beta of 1.93.
Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million during the quarter, compared to analysts' expectations of $396.33 million. During the same period in the prior year, the company earned $0.19 earnings per share. The business's quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 205 shares in the last quarter. Farther Finance Advisors LLC raised its position in Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in Diodes in the second quarter worth about $30,000. MAI Capital Management raised its position in Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 411 shares in the last quarter. Finally, Quarry LP acquired a new position in Diodes in the third quarter worth about $39,000. Institutional investors and hedge funds own 99.23% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. Robert W. Baird set a $120.00 target price on shares of Diodes in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a research note on Saturday, February 14th. Benchmark increased their target price on shares of Diodes from $62.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Finally, Truist Financial increased their target price on shares of Diodes from $98.00 to $139.00 and gave the company a "buy" rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Diodes has an average rating of "Buy" and an average target price of $113.00.
Get Our Latest Stock Analysis on Diodes
About Diodes
(
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.
Read More
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].
