Diodes (NASDAQ:DIOD) CTO Francis Tang Sells 4,137 Shares

Key Points

• Diodes CTO Francis Tang sold 4,137 shares on May 26 at an average price of $108, totaling about $446,796. After the sale, he still held 91,768 shares worth roughly $9.91 million.
• Tang has also made additional recent sales, including 5,000 shares on May 27 and 3,643 shares on May 12, signaling a pattern of insider selling.
• Diodes reported better-than-expected quarterly results, with EPS of $0.43 versus the $0.35 estimate and revenue up 22.1% year over year. Analysts remain generally positive, with a consensus rating of “Buy” and an average target price of $113.

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) CTO Francis Tang sold 4,137 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $108.00, for a total value of $446,796.00. Following the completion of the transaction, the chief technology officer directly owned 91,768 shares in the company, valued at $9,910,944. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Francis Tang also recently made the following trade(s):

• On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The stock was sold at an average price of $110.08, for a total transaction of $550,400.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The stock was sold at an average price of $108.00, for a total transaction of $393,444.00.

Diodes Stock Performance

Shares of NASDAQ:DIOD traded up $0.89 during midday trading on Wednesday, hitting $109.13. The company had a trading volume of 1,041,773 shares, compared to its average volume of 530,253. Diodes Incorporated has a 12-month low of $42.28 and a 12-month high of $117.80. The company has a fifty day moving average of $88.68 and a two-hundred day moving average of $67.43. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 59.31 and a beta of 1.93. 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 released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The company had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. During the same period in the previous year, the business earned $0.19 earnings per share. Diodes's quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts expect that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DIOD shares. Benchmark increased their target price on shares of Diodes from $62.00 to $80.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a research report on Saturday, February 14th. Zacks Research raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. Truist Financial raised their price objective on shares of Diodes from $98.00 to $139.00 and gave the company a "buy" rating in a research report on Friday, May 8th. Finally, Robert W. Baird set a $120.00 target price on shares of Diodes in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Diodes presently has an average rating of "Buy" and a consensus target price of $113.00.

Institutional Investors Weigh In On Diodes

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company's stock valued at $303,681,000 after buying an additional 166,603 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company's stock worth $166,294,000 after buying an additional 53,934 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Diodes by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company's stock worth $66,640,000 after acquiring an additional 11,799 shares during the last quarter. Global Alpha Capital Management Ltd. grew its stake in Diodes by 1.6% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company's stock valued at $42,190,000 after acquiring an additional 13,420 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Diodes by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company's stock valued at $39,340,000 after acquiring an additional 17,506 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

About Diodes

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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