Insider Selling: Diodes (NASDAQ:DIOD) SVP Sells 2,000 Shares of Stock

Key Points

• Diodes SVP Emily Yang sold 2,000 shares on May 26 at an average price of $107.52, totaling $215,040. After the sale, she still owned 64,878 shares worth about $6.98 million.
• Yang has been actively trimming her stake, including additional sales of 3,000 shares on May 27 and 2,000 shares each on May 20 and May 15.
• Diodes shares rose 0.8% to $109.13, and the company recently reported stronger-than-expected quarterly results, beating EPS and revenue estimates while posting 22.1% year-over-year revenue growth.

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) SVP Emily Yang sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $107.52, for a total value of $215,040.00. Following the transaction, the senior vice president owned 64,878 shares of the company's stock, valued at $6,975,682.56. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, May 27th, Emily Yang sold 3,000 shares of Diodes stock. The shares were sold at an average price of $110.08, for a total value of $330,240.00.
• On Wednesday, May 20th, Emily Yang sold 2,000 shares of Diodes stock. The stock was sold at an average price of $96.81, for a total value of $193,620.00.
• On Friday, May 15th, Emily Yang sold 2,000 shares of Diodes stock. The stock was sold at an average price of $101.47, for a total value of $202,940.00.

Diodes Trading Up 0.8%

Shares of Diodes stock traded up $0.89 on Wednesday, reaching $109.13. The company had a trading volume of 1,041,773 shares, compared to its average volume of 530,253. The firm 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. The firm's 50-day moving average price is $88.68 and its two-hundred day moving average price is $67.43. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $117.80.

Diodes (NASDAQ:DIOD - Get Free Report) last announced 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. The firm had revenue of $405.47 million during the quarter, compared to analysts' expectations of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The company's quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. As a group, research analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Diodes

A number of large investors have recently bought and sold shares of the business. Captrust Financial Advisors boosted its holdings in Diodes by 3.1% during the 4th quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company's stock valued at $241,000 after acquiring an additional 145 shares during the period. Verdence Capital Advisors LLC boosted its holdings in Diodes by 2.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company's stock valued at $416,000 after acquiring an additional 186 shares during the period. Arizona State Retirement System boosted its holdings in Diodes by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company's stock valued at $730,000 after acquiring an additional 189 shares during the period. Farther Finance Advisors LLC boosted its holdings in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 200 shares during the period. Finally, Strs Ohio boosted its holdings in Diodes by 2.2% during the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company's stock valued at $449,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DIOD shares. Robert W. Baird set a $120.00 target price on Diodes in a report on Friday, May 8th. Wall Street Zen upgraded Diodes from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. 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. Truist Financial lifted their target price on Diodes from $98.00 to $139.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Finally, Zacks Research upgraded Diodes from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Diodes presently has a consensus rating of "Buy" and an average price target of $113.00.

Diodes Company Profile

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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