Insider Selling: Diodes Incorporated (NASDAQ:DIOD) SVP Sells 1,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the transaction, the senior vice president now owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. The sale was disclosed in a filing with the SEC, which is available at this link.

Emily Yang also recently made the following trade(s):

• On Monday, August 26th, Emily Yang sold 1,272 shares of Diodes stock. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52.

Diodes Stock Performance

Shares of DIOD stock opened at $63.52 on Wednesday. The stock’s 50-day moving average price is $72.53 and its 200 day moving average price is $71.31. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.94 billion, a PE ratio of 17.31 and a beta of 1.35. Diodes Incorporated has a 52-week low of $58.96 and a 52-week high of $86.74.

Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Diodes had a return on equity of 5.76% and a net margin of 7.12%. The company had revenue of $319.80 million for the quarter, compared to the consensus estimate of $316.12 million. During the same period last year, the business posted $1.59 EPS. The company’s revenue was down 31.5% on a year-over-year basis. As a group, equities research analysts forecast that Diodes Incorporated will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Diodes

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Diodes in the 4th quarter worth $30,000. EntryPoint Capital LLC purchased a new position in Diodes during the first quarter worth about $40,000. Riverview Trust Co acquired a new stake in Diodes in the first quarter valued at about $51,000. Principal Securities Inc. purchased a new stake in Diodes in the 4th quarter valued at approximately $74,000. Finally, NBC Securities Inc. boosted its holdings in Diodes by 62.3% in the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 471 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DIOD has been the topic of a number of research analyst reports. Truist Financial cut their target price on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. StockNews.com downgraded Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, Robert W. Baird boosted their price objective on Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Diodes currently has an average rating of “Hold” and a consensus target price of $73.20.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.