Insider Selling: Diodes Incorporated (NASDAQ:DIOD) CEO Sells 15,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 15,000 shares of Diodes stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the sale, the chief executive officer now directly owns 87,331 shares in the company, valued at approximately $6,576,024.30. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $73.93, for a total transaction of $443,580.00.
• On Thursday, May 16th, Keh Shew Lu sold 9,000 shares of Diodes stock. The stock was sold at an average price of $72.70, for a total value of $654,300.00.
• On Thursday, February 29th, Keh Shew Lu sold 3,000 shares of Diodes stock. The shares were 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 value of $825,360.00.

Diodes Price Performance

Shares of NASDAQ:DIOD traded up $1.14 on Friday, hitting $73.57. The stock had a trading volume of 229,962 shares, compared to its average volume of 342,966. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 20.05 and a beta of 1.44. Diodes Incorporated has a twelve month low of $60.00 and a twelve month high of $97.37. The firm’s 50 day moving average price is $70.43 and its 200-day moving average price is $70.69.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Diodes

Hedge funds have recently modified their holdings of the stock. EMC Capital Management raised its position in Diodes by 25.8% in the first quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 335 shares during the period. Earnest Partners LLC lifted its holdings in shares of Diodes by 12.5% during the 1st quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after acquiring an additional 282,089 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Diodes by 55.6% in the first quarter. Quadrature Capital Ltd now owns 5,989 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 2,141 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in Diodes by 15.5% in the first quarter. CreativeOne Wealth LLC now owns 4,568 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 613 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Diodes during the first quarter valued at about $40,000. Institutional investors own 99.23% of the company’s stock.

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.