Emily Yang Sells 1,272 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang sold 1,272 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the transaction, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Diodes Stock Down 1.7 %

DIOD stock traded down $1.22 during midday trading on Tuesday, reaching $68.61. 91,152 shares of the company’s stock traded hands, compared to its average volume of 353,092. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 18.60 and a beta of 1.35. The firm’s fifty day moving average price is $73.02 and its 200-day moving average price is $71.34. The company has a quick ratio of 2.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 52 week low of $58.96 and a 52 week high of $86.74.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The business had revenue of $319.80 million during the quarter, compared to analyst estimates of $316.12 million. During the same quarter in the previous year, the business posted $1.59 EPS. Diodes’s quarterly revenue was down 31.5% on a year-over-year basis. As a group, sell-side analysts forecast that Diodes Incorporated will post 1.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

DIOD has been the subject of several recent research reports. Truist Financial lowered their price objective on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, August 9th. StockNews.com downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Finally, Robert W. Baird boosted their price target on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.20.

Institutional Trading of Diodes

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Diodes in the 4th quarter worth $30,000. EntryPoint Capital LLC purchased a new position in shares of Diodes in the 1st quarter worth about $40,000. Riverview Trust Co purchased a new position in shares of Diodes in the 1st quarter worth about $51,000. Principal Securities Inc. purchased a new position in shares of Diodes in the 4th quarter worth about $74,000. Finally, NBC Securities Inc. boosted its holdings in shares of Diodes by 62.3% in the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after buying an additional 471 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

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.