Key Points
- Diodes CTO Francis Tang sold 15,330 shares on May 29 at an average price of $112.04, totaling about $1.72 million. After the sale, he still held 71,438 shares, and the transaction reduced his ownership by 17.67%.
- Tang has been trimming his stake repeatedly, with additional sales earlier in May of 5,000 shares, 4,137 shares, and 3,643 shares. These trades suggest a pattern of insider selling over a short period.
- Diodes recently beat quarterly expectations and has a positive analyst outlook, reporting EPS of $0.43 versus $0.35 expected and revenue of $405.47 million, up 22.1% year over year. Analysts currently rate the stock a consensus Buy with an average price target of $113.00.
Diodes Incorporated (NASDAQ:DIOD - Get Free Report) insider Richard Dallas White sold 3,000 shares of Diodes stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $106.17, for a total value of $318,510.00. Following the sale, the insider directly owned 8,071 shares of the company's stock, valued at $856,898.07. This trade represents a 27.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Diodes Trading Down 3.2%
Diodes stock opened at $101.96 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $117.80. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 55.41 and a beta of 1.90. The stock has a 50-day moving average price of $91.88 and a 200 day moving average price of $69.10.
Diodes (NASDAQ:DIOD - Get Free Report) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The firm had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company's revenue was up 22.1% compared to the same quarter last year. Sell-side analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently commented on DIOD shares. Benchmark lifted their target price on Diodes from $62.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Wall Street Zen raised Diodes from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Zacks Research raised Diodes from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the company a "buy" rating in a report on Friday, May 8th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Diodes presently has a consensus rating of "Buy" and a consensus target price of $113.00.
Get Our Latest Analysis on Diodes
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH increased its position in shares of Diodes by 27.0% in the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company's stock valued at $7,763,000 after buying an additional 31,013 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Diodes by 178,733.7% in the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company's stock valued at $19,508,000 after buying an additional 366,404 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Diodes by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company's stock valued at $24,712,000 after buying an additional 153,905 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Diodes in the fourth quarter valued at approximately $476,000. Finally, Tributary Capital Management LLC increased its position in shares of Diodes by 7.1% in the fourth quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company's stock valued at $17,073,000 after buying an additional 22,903 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.
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.
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