Key Points
- Diodes CTO Francis Tang sold 5,000 shares on May 27 at an average price of $110.08, totaling $550,400. After the sale, he still held 86,768 shares valued at about $9.55 million.
- Tang has been selling stock repeatedly, including 4,137 shares on May 26 and 3,643 shares on May 12, adding to a broader wave of insider selling at the company.
- Diodes reported strong quarterly results on May 7, beating EPS and revenue estimates with 22.1% year-over-year revenue growth, while analysts currently rate the stock a consensus Buy with a $113 target.
Diodes Incorporated (NASDAQ:DIOD - Get Free Report) SVP Andy Tsong sold 1,582 shares of Diodes stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total value of $169,194.90. Following the sale, the senior vice president directly owned 48,170 shares in the company, valued at $5,151,781.50. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Andy Tsong also recently made the following trade(s):
- On Tuesday, May 12th, Andy Tsong sold 2,652 shares of Diodes stock. The shares were sold at an average price of $110.00, for a total value of $291,720.00.
Diodes Stock Performance
Shares of DIOD stock opened at $109.13 on Thursday. The business's 50-day moving average price is $89.54 and its 200-day moving average price is $67.84. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 59.31 and a beta of 1.93. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.
Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.08. The firm had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. Equities research analysts forecast that Diodes Incorporated will post 2.58 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Benchmark lifted their price objective on Diodes from $62.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Truist Financial lifted their price objective on Diodes from $98.00 to $139.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Zacks Research raised 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 price objective on Diodes in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded Diodes from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Diodes currently has a consensus rating of "Buy" and an average target price of $113.00.
View Our Latest Stock Analysis on Diodes
Institutional Investors Weigh In On Diodes
Several hedge funds and other institutional investors have recently modified their holdings of DIOD. AQR Capital Management LLC increased its holdings in shares of Diodes by 12.4% during the first quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company's stock valued at $260,000 after acquiring an additional 663 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Diodes by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company's stock valued at $1,172,000 after acquiring an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Diodes by 13.8% during the first quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company's stock valued at $16,880,000 after acquiring an additional 47,500 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Diodes during the first quarter valued at approximately $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Diodes by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company's stock valued at $4,521,000 after acquiring an additional 6,708 shares in the last quarter. Institutional investors own 99.23% of the company's stock.
Key Headlines Impacting Diodes
Here are the key news stories impacting Diodes this week:
- Positive Sentiment: Diodes’ recent earnings results were strong, with the company beating EPS and revenue expectations and delivering year-over-year revenue growth, helping support the stock.
- Neutral Sentiment: The stock has been trading near its 52-week high, reflecting momentum from improved operating performance and broader investor optimism.
- Negative Sentiment: A cluster of insider sales by the CEO, CTO, SVP, and other executives may raise concern that management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks
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.
Featured 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].
