Insider Selling: Diodes Incorporated (NASDAQ:DIOD) CFO Sells 830 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Diodes Trading Down 2.6 %

NASDAQ DIOD opened at $57.02 on Friday. The company has a market cap of $2.64 billion, a PE ratio of 43.20 and a beta of 1.31. Diodes Incorporated has a 12 month low of $52.71 and a 12 month high of $86.74. The stock has a 50 day moving average of $61.83 and a 200-day moving average of $63.58. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01.

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

Institutional Investors Weigh In On Diodes

Several hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Diodes during the third quarter worth approximately $29,000. Smartleaf Asset Management LLC boosted its stake in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 522 shares during the period. GAMMA Investing LLC increased its holdings in shares of Diodes by 68.9% during the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 312 shares during the last quarter. KBC Group NV increased its holdings in shares of Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 368 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Diodes in the 3rd quarter valued at $184,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on DIOD. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Truist Financial cut their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Finally, Benchmark decreased their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $72.80.

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.