Key Points
- Diodes SVP Emily Yang sold 2,000 shares on May 20 at an average price of $96.81, totaling about $193,620. After the sale, she still held 66,878 shares valued at roughly $6.47 million.
- Yang also sold 2,000 shares on May 15 at $101.47 each, indicating a recent pattern of insider selling in the stock.
- Diodes reported a stronger-than-expected quarterly result, with EPS of $0.43 versus $0.35 expected and revenue up 22.1% year over year to $405.47 million. Analysts currently rate the stock a consensus Buy with an average 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 on Wednesday, May 20th. The stock was sold at an average price of $96.81, for a total transaction of $193,620.00. Following the transaction, the senior vice president owned 66,878 shares of the company's stock, valued at approximately $6,474,459.18. The trade was a 2.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Emily Yang also recently made the following trade(s):
- On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The stock was sold at an average price of $101.47, for a total transaction of $202,940.00.
Diodes Stock Down 0.9%
Shares of NASDAQ:DIOD opened at $96.30 on Friday. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $117.80. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm's 50-day simple moving average is $86.31 and its 200-day simple moving average is $66.37. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 52.34 and a beta of 1.93.
Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 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 firm had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. During the same quarter last year, the firm earned $0.19 earnings per share. The firm's revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on DIOD. Wall Street Zen upgraded Diodes from a "hold" rating to a "buy" rating in a research note on Saturday, February 14th. Truist Financial increased their price objective on Diodes from $98.00 to $139.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Zacks Research raised Diodes from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Benchmark boosted 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. Finally, Robert W. Baird set a $120.00 price target on shares of Diodes in a report on Friday, May 8th. One equities research 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. According to MarketBeat, Diodes currently has an average rating of "Buy" and a consensus target price of $113.00.
View Our Latest Stock Report on DIOD
Institutional Investors Weigh In On Diodes
Institutional investors and hedge funds have recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in Diodes by 3.1% in the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company's stock valued at $241,000 after purchasing an additional 145 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Diodes by 2.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company's stock worth $416,000 after buying an additional 186 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Diodes by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company's stock worth $730,000 after buying an additional 189 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company's stock worth $29,000 after buying an additional 200 shares in the last quarter. Finally, Strs Ohio grew its stake in Diodes by 2.2% in the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company's stock valued at $449,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.
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.
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