Diodes Incorporated (NASDAQ:DIOD) SVP Emily Yang Sells 950 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) SVP Emily Yang sold 950 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 transaction of $53,238.00. Following the sale, the senior vice president now owns 65,107 shares of the company's stock, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Diodes Stock Performance

Shares of NASDAQ:DIOD traded down $1.78 during trading on Friday, hitting $55.24. 349,961 shares of the stock were exchanged, compared to its average volume of 425,206. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 41.85 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. Diodes Incorporated has a 1-year low of $52.71 and a 1-year high of $86.74. The company's fifty day simple moving average is $61.63 and its 200-day simple moving average is $63.25.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $350.08 million for the quarter, compared to analyst estimates of $346.30 million. Diodes had a net margin of 4.72% and a return on equity of 3.90%. During the same quarter in the previous year, the firm posted $1.13 EPS. Sell-side analysts expect that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

Institutional Trading of Diodes

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company's stock worth $111,782,000 after purchasing an additional 988,671 shares during the period. FMR LLC raised its holdings in shares of Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company's stock worth $370,769,000 after buying an additional 947,118 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Diodes during the 3rd quarter worth approximately $7,791,000. Raymond James Financial Inc. acquired a new stake in Diodes in the 4th quarter valued at $7,063,000. Finally, Allspring Global Investments Holdings LLC grew its position in Diodes by 50.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company's stock valued at $15,795,000 after acquiring an additional 85,943 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DIOD has been the topic of several recent analyst reports. 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. Truist Financial dropped their target price 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, StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th.

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.