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

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) CFO Brett R. Whitmire sold 830 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Diodes Price Performance

Shares of Diodes stock traded down $1.78 during mid-day trading on Friday, reaching $55.24. 349,961 shares of the stock traded hands, compared to its average volume of 425,206. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $61.63 and a 200 day moving average of $63.25. The stock has a market capitalization of $2.56 billion, a PE ratio of 41.85 and a beta of 1.31. Diodes Incorporated has a fifty-two week low of $52.71 and a fifty-two week high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last announced 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. Diodes had a net margin of 4.72% and a return on equity of 3.90%. The company had revenue of $350.08 million for the quarter, compared to analysts' expectations of $346.30 million. During the same quarter in the previous year, the company posted $1.13 EPS. On average, analysts predict that Diodes Incorporated will post 1.35 EPS for the current year.

Hedge Funds Weigh In On Diodes

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in 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 purchasing an additional 947,118 shares in the last quarter. Victory Capital Management Inc. lifted its position in Diodes by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after buying an additional 163,374 shares in the last quarter. Geode Capital Management LLC lifted its position in Diodes by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock worth $81,154,000 after buying an additional 43,841 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Diodes by 9.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company's stock worth $42,382,000 after buying an additional 61,139 shares during the last quarter. Finally, Tributary Capital Management LLC grew its holdings in Diodes by 9.5% in the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company's stock valued at $18,653,000 after buying an additional 25,259 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DIOD shares. StockNews.com upgraded shares of Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Truist Financial reduced their price target on Diodes from $69.00 to $62.00 and set a "hold" rating for the company in a report on Friday, November 8th. Finally, Benchmark dropped their price objective on Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, November 11th.

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.