Insider Selling: Diodes Incorporated (NASDAQ:DIOD) CEO Sells $654,300.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $72.70, for a total transaction of $654,300.00. Following the completion of the transaction, the chief executive officer now directly owns 110,496 shares of the company’s stock, valued at approximately $8,033,059.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Keh Shew Lu also recently made the following trade(s):

• On Monday, May 20th, Keh Shew Lu sold 6,000 shares of Diodes stock. The stock was sold at an average price of $73.93, for a total transaction of $443,580.00.
• On Thursday, February 29th, Keh Shew Lu sold 3,000 shares of Diodes stock. The stock was sold at an average price of $68.14, for a total transaction of $204,420.00.
• On Monday, February 26th, Keh Shew Lu sold 12,000 shares of Diodes stock. The stock was sold at an average price of $68.78, for a total transaction of $825,360.00.
• On Thursday, February 22nd, Keh Shew Lu sold 6,000 shares of Diodes stock. The stock was sold at an average price of $68.98, for a total transaction of $413,880.00.
• On Tuesday, February 20th, Keh Shew Lu sold 1,500 shares of Diodes stock. The stock was sold at an average price of $68.06, for a total transaction of $102,090.00.

Diodes Trading Up 2.6 %

NASDAQ:DIOD opened at $74.41 on Thursday. The company has a fifty day moving average of $70.29 and a 200 day moving average of $70.68. Diodes Incorporated has a 52 week low of $60.00 and a 52 week high of $97.37. The company has a quick ratio of 2.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.43 billion, a P/E ratio of 20.28 and a beta of 1.44.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The company had revenue of $301.90 million during the quarter, compared to analyst estimates of $305.47 million. During the same period in the prior year, the business posted $1.59 EPS. The firm’s revenue was down 35.4% compared to the same quarter last year. On average, research analysts predict that Diodes Incorporated will post 1.8 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in Diodes in the 4th quarter worth $30,000. EntryPoint Capital LLC bought a new position in Diodes in the 1st quarter worth $40,000. Riverview Trust Co bought a new position in Diodes in the 1st quarter worth $51,000. NBC Securities Inc. bought a new position in Diodes in the 3rd quarter worth $59,000. Finally, Principal Securities Inc. bought a new position in Diodes in the 4th quarter worth $74,000. 99.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DIOD has been the subject of a number of recent research reports. Truist Financial boosted their price objective on shares of Diodes from $67.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Robert W. Baird boosted their price objective on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Wells Fargo & Company lowered their price objective on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Finally, TD Cowen boosted their price objective on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.20.

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.