Diodes (NASDAQ:DIOD) CTO Francis Tang Sells 15,330 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CTO Francis Tang sold 15,330 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the completion of the transaction, the chief technology officer owned 71,438 shares of the company’s stock, valued at approximately $8,003,913.52. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Francis Tang also recently made the following trade(s):

• On Wednesday, May 27th, Francis Tang sold 5,000 shares of Diodes stock. The shares were sold at an average price of $110.08, for a total transaction of $550,400.00.
• On Tuesday, May 26th, Francis Tang sold 4,137 shares of Diodes stock. The shares were sold at an average price of $108.00, for a total transaction of $446,796.00.
• On Tuesday, May 12th, Francis Tang sold 3,643 shares of Diodes stock. The shares were sold at an average price of $108.00, for a total transaction of $393,444.00.

Diodes Trading Down 3.2%

NASDAQ:DIOD opened at $101.96 on Tuesday. The firm’s fifty day moving average is $91.88 and its 200-day moving average is $69.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $117.80. The firm has a market cap of $4.68 billion, a P/E ratio of 55.41 and a beta of 1.90.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. During the same period in the prior year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Diodes in the second quarter valued at $30,000. MAI Capital Management lifted its stake in shares of Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 411 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Diodes in the third quarter valued at $39,000. 99.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Benchmark increased their target price on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Robert W. Baird set a $120.00 target price on shares of Diodes in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $113.00.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.