Diodes (NASDAQ:DIOD) Insider Richard Dallas White Sells 3,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) insider Richard Dallas White sold 3,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $106.17, for a total value of $318,510.00. Following the transaction, the insider owned 8,071 shares in the company, valued at approximately $856,898.07. This represents a 27.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Diodes Stock Performance

Shares of Diodes stock opened at $101.96 on Tuesday. The firm has a market cap of $4.68 billion, a P/E ratio of 55.41 and a beta of 1.90. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The stock’s fifty day moving average price is $91.88 and its 200-day moving average price is $69.10.

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

Analysts Set New Price Targets

DIOD has been the topic of several research reports. Truist Financial raised their price target on 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 Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Benchmark raised their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $113.00.

Institutional Investors Weigh In On Diodes

Several institutional investors have recently added to or reduced their stakes in DIOD. EverSource Wealth Advisors LLC boosted its holdings in Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 205 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Diodes in the second quarter worth about $30,000. MAI Capital Management boosted its holdings in Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 411 shares in the last quarter. Finally, Quarry LP acquired a new stake in Diodes in the third quarter worth about $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

About Diodes

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.