Diodes Incorporated (NASDAQ:DIOD) President Sells $162,516.00 in Stock

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) President Gary Yu sold 2,900 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares of the company's stock, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Diodes Stock Performance

Shares of Diodes stock traded down $1.78 on Friday, reaching $55.24. 349,961 shares of the stock were exchanged, compared to its average volume of 425,206. The business has a 50 day moving average price of $61.63 and a two-hundred day moving average price of $63.25. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 41.85 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 - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, beating 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 business had revenue of $350.08 million for the quarter, compared to the consensus estimate of $346.30 million. During the same period in the prior year, the firm earned $1.13 EPS. Analysts anticipate that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DIOD. Benchmark decreased their price target on Diodes from $83.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, November 11th. StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Finally, 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.

Hedge Funds Weigh In On Diodes

Several institutional investors and hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC purchased a new position in Diodes during the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC increased its holdings 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 valued at $48,000 after purchasing an additional 522 shares in the last quarter. GAMMA Investing LLC raised its position in Diodes by 68.9% during the third 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 period. KBC Group NV lifted its holdings in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock valued at $93,000 after purchasing an additional 368 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Diodes during the third quarter worth about $184,000. Institutional investors and hedge funds own 99.23% of the company's stock.

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.