Brett R. Whitmire Sells 1,900 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at $3,245,086.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Diodes Stock Performance

Shares of DIOD stock opened at $62.63 on Thursday. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.07 and a beta of 1.35. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $72.37 and its 200-day moving average price is $71.25. Diodes Incorporated has a 12 month low of $58.96 and a 12 month high of $86.74.

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

Analysts Set New Price Targets

Several analysts recently weighed in on DIOD shares. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Robert W. Baird raised their price target on shares of Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Finally, Truist Financial lowered their price objective on shares of Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Diodes has an average rating of “Hold” and a consensus price target of $73.20.

Hedge Funds Weigh In On Diodes

A number of hedge funds have recently modified their holdings of DIOD. Vanguard Group Inc. raised its position in Diodes by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after purchasing an additional 132,101 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Diodes by 1.4% in the second quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock valued at $184,946,000 after buying an additional 36,390 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Diodes by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after acquiring an additional 141,610 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Diodes by 0.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock worth $61,230,000 after acquiring an additional 4,615 shares during the period. Finally, Sei Investments Co. boosted its holdings in Diodes by 5.7% in the second quarter. Sei Investments Co. now owns 783,448 shares of the semiconductor company’s stock valued at $56,353,000 after acquiring an additional 42,192 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.