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

Diodes Incorporated (NASDAQ:DIOD) President Gary Yu sold 2,900 shares of Diodes stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the sale, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. The trade was a 3.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Diodes Stock Down 2.6 %

DIOD stock opened at $57.02 on Friday. The business has a 50 day moving average of $61.83 and a 200 day moving average of $63.58. The firm has a market cap of $2.64 billion, a PE ratio of 43.20 and a beta of 1.31. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of Diodes

Institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in shares of Diodes during the second quarter valued at approximately $299,000. The Manufacturers Life Insurance Company lifted its position in Diodes by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,150 shares of the semiconductor company’s stock valued at $1,809,000 after acquiring an additional 560 shares in the last quarter. Algert Global LLC purchased a new stake in Diodes during the 2nd quarter valued at $333,000. Creative Planning boosted its stake in Diodes by 75.5% during the 2nd quarter. Creative Planning now owns 7,622 shares of the semiconductor company’s stock valued at $548,000 after purchasing an additional 3,279 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Diodes in the 2nd quarter worth $647,000. 99.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DIOD has been the topic of several research reports. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark dropped their price target on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Truist Financial decreased 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Diodes presently has a consensus rating of “Hold” and a consensus price target of $72.80.

Diodes Company Profile

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.