Keh Shew Lu Sells 111,000 Shares of Diodes (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) Director Keh Shew Lu sold 111,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the completion of the sale, the director owned 180,131 shares of the company’s stock, valued at approximately $12,205,676.56. This represents a 38.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Diodes Price Performance

NASDAQ DIOD opened at $70.80 on Thursday. The company has a market cap of $3.25 billion, a PE ratio of 49.86 and a beta of 1.66. The firm’s 50 day moving average price is $58.55 and its 200-day moving average price is $54.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 3.32. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $81.71.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $391.58 million during the quarter, compared to the consensus estimate of $380.03 million. Diodes had a net margin of 4.46% and a return on equity of 2.95%. Diodes’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Sell-side analysts forecast that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DIOD shares. Truist Financial lifted their target price on Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Zacks Research downgraded shares of Diodes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Benchmark raised their target price on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Diodes currently has an average rating of “Hold” and an average price target of $65.67.

Institutional Trading of Diodes

Several large investors have recently bought and sold shares of DIOD. Salomon & Ludwin LLC purchased a new position in shares of Diodes in the third quarter worth $25,000. EverSource Wealth Advisors LLC increased its position in shares of Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares during the period. Farther Finance Advisors LLC increased its position in shares of Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. purchased a new position in Diodes in the 2nd quarter worth $30,000. Finally, MAI Capital Management lifted its position in Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 411 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.