Diodes Incorporated (NASDAQ:DIOD) President Gary Yu Sells 2,900 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) President Gary Yu sold 2,900 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Diodes Stock Up 2.8 %

Shares of DIOD opened at $58.56 on Thursday. The firm has a market cap of $2.71 billion, a P/E ratio of 44.36 and a beta of 1.31. The stock has a 50 day simple moving average of $61.97 and a two-hundred day simple moving average of $63.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. Diodes Incorporated has a 1 year low of $52.71 and a 1 year high of $86.74.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. The business had revenue of $350.08 million during the quarter, compared to analyst estimates of $346.30 million. Diodes had a return on equity of 3.90% and a net margin of 4.72%. During the same quarter in the prior year, the firm earned $1.13 earnings per share. On average, analysts forecast that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DIOD has been the subject of several recent analyst reports. Truist Financial cut their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Benchmark cut their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Diodes currently has an average rating of “Hold” and a consensus price target of $72.80.

Institutional Trading of Diodes

A number of institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares during the period. US Bancorp DE boosted its stake in shares of Diodes by 6.9% during the fourth quarter. US Bancorp DE now owns 25,002 shares of the semiconductor company’s stock valued at $1,542,000 after purchasing an additional 1,614 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Diodes by 9.4% during the fourth quarter. Fisher Asset Management LLC now owns 186,489 shares of the semiconductor company’s stock valued at $11,501,000 after purchasing an additional 16,003 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Diodes during the fourth quarter valued at approximately $970,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Diodes during the fourth quarter valued at approximately $283,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

About Diodes

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.