Insider Selling: Diodes (NASDAQ:DIOD) CFO Sells 16,556 Shares of Stock

by · The Cerbat Gem

Diodes Incorporated (NASDAQ:DIOD – Get Free Report) CFO Brett Whitmire sold 16,556 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $103.34, for a total value of $1,710,897.04. Following the sale, the chief financial officer directly owned 44,632 shares of the company’s stock, valued at $4,612,270.88. This represents a 27.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Diodes Stock Performance

DIOD stock traded down $1.49 during midday trading on Wednesday, reaching $101.96. 584,624 shares of the company were exchanged, compared to its average volume of 508,091. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 55.41 and a beta of 1.93. The business has a 50-day moving average price of $81.69 and a two-hundred day moving average price of $64.26. 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 (NASDAQ:DIOD – Get Free Report) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $0.19 EPS. Diodes’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities research analysts forecast that Diodes Incorporated will post 2.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on DIOD. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research upgraded Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Benchmark upped their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. 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. Finally, Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Diodes presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Get Our Latest Stock Analysis on DIOD

Institutional Investors Weigh In On Diodes

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Wealth LLC bought a new stake in shares of Diodes in the first quarter valued at approximately $213,000. First Trust Advisors LP increased its stake in Diodes by 56.0% during the 1st quarter. First Trust Advisors LP now owns 65,577 shares of the semiconductor company’s stock worth $4,476,000 after acquiring an additional 23,532 shares during the period. PNC Financial Services Group Inc. increased its stake in Diodes by 7.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,494 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 460 shares during the period. Summit Global Investments raised its holdings in Diodes by 365.9% in the 1st quarter. Summit Global Investments now owns 19,927 shares of the semiconductor company’s stock valued at $1,360,000 after acquiring an additional 15,650 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Diodes by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after acquiring an additional 53,934 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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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