Jin Zhao Sells 2,760 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) insider Jin Zhao sold 2,760 shares of Diodes stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $102.36, for a total transaction of $282,513.60. Following the completion of the transaction, the insider directly owned 47,220 shares of the company’s stock, valued at $4,833,439.20. The trade was a 5.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Diodes Price Performance

Shares of NASDAQ:DIOD traded down $1.49 on Wednesday, reaching $101.96. The company’s stock had a trading volume of 584,624 shares, compared to its average volume of 508,091. Diodes Incorporated has a 52-week low of $42.28 and a 52-week high of $117.80. The company has a market cap of $4.68 billion, a P/E ratio of 55.41 and a beta of 1.93. The company has a 50-day simple moving average of $81.69 and a 200 day simple moving average of $64.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. During the same period last year, the company posted $0.19 EPS. The business’s revenue was up 22.1% on a year-over-year basis. As a group, equities research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Diodes

Several institutional investors have recently made changes to their positions in DIOD. AQR Capital Management LLC lifted its holdings in shares of Diodes by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Diodes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock valued at $1,172,000 after buying an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock valued at $16,880,000 after buying an additional 47,500 shares in the last quarter. Woodline Partners LP bought a new stake in Diodes during the 1st quarter valued at about $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Diodes by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock valued at $4,521,000 after buying an additional 6,708 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Benchmark raised 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. Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Diodes has an average rating of “Moderate Buy” and an average 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.