Insider Selling: Diodes (NASDAQ:DIOD) Insider Sells 3,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) insider Richard Dallas White sold 3,000 shares of Diodes stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $106.17, for a total value of $318,510.00. Following the transaction, the insider directly owned 8,071 shares in the company, valued at approximately $856,898.07. The trade was a 27.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Diodes Price Performance

NASDAQ:DIOD traded down $4.36 during mid-day trading on Monday, reaching $100.96. 478,837 shares of the stock were exchanged, compared to its average volume of 540,147. The business has a fifty day moving average price of $91.18 and a 200 day moving average price of $68.71. The firm has a market capitalization of $4.64 billion, a PE ratio of 54.87 and a beta of 1.90. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $117.80. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released 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. The firm had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.Diodes’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. Research analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Diodes

A number of institutional investors have recently bought and sold shares of DIOD. Prospect Capital Advisors LLC purchased a new stake in shares of Diodes during the 1st quarter worth about $2,853,000. Bank of America Corp DE boosted its stake in Diodes by 11.3% in the first quarter. Bank of America Corp DE now owns 390,807 shares of the semiconductor company’s stock worth $26,676,000 after purchasing an additional 39,668 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Diodes by 23.8% during the first quarter. California State Teachers Retirement System now owns 54,987 shares of the semiconductor company’s stock worth $3,753,000 after acquiring an additional 10,579 shares during the last quarter. Empowered Funds LLC bought a new stake in Diodes in the first quarter valued at about $344,000. Finally, Quantinno Capital Management LP increased its holdings in Diodes by 8.9% in the first quarter. Quantinno Capital Management LP now owns 22,065 shares of the semiconductor company’s stock valued at $1,506,000 after purchasing an additional 1,807 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DIOD shares. 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. Benchmark increased their price target on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Robert W. Baird set a $120.00 price target on Diodes in a research report on Friday, May 8th. Finally, Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research 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 issued a Hold rating to the stock. According to data from MarketBeat.com, Diodes currently has a consensus rating of “Buy” and a consensus price target of $113.00.

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.