Insider Selling: Diodes Incorporated (NASDAQ:DIOD) CEO Sells 5,000 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD – Get Rating) CEO Keh Shew Lu sold 5,000 shares of Diodes stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $93.04, for a total value of $465,200.00. Following the completion of the transaction, the chief executive officer now directly owns 46,183 shares in the company, valued at $4,296,866.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, May 19th, Keh Shew Lu sold 24,000 shares of Diodes stock. The stock was sold at an average price of $94.68, for a total transaction of $2,272,320.00.

Diodes Stock Performance

Diodes stock opened at $95.31 on Friday. Diodes Incorporated has a fifty-two week low of $58.52 and a fifty-two week high of $97.45. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 13.29 and a beta of 1.48. The stock’s 50 day simple moving average is $86.83 and its two-hundred day simple moving average is $86.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.00 and a current ratio of 2.87.

Diodes (NASDAQ:DIOD – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.13. The company had revenue of $467.24 million for the quarter, compared to analyst estimates of $467.03 million. Diodes had a return on equity of 21.67% and a net margin of 16.61%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. As a group, analysts expect that Diodes Incorporated will post 6.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Diodes by 2.1% during the first quarter. BlackRock Inc. now owns 7,095,551 shares of the semiconductor company’s stock worth $617,241,000 after acquiring an additional 147,907 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Diodes by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,299,511 shares of the semiconductor company’s stock worth $343,992,000 after purchasing an additional 106,322 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Diodes by 58.8% in the 4th quarter. Earnest Partners LLC now owns 2,571,905 shares of the semiconductor company’s stock worth $195,825,000 after buying an additional 952,090 shares during the last quarter. LSV Asset Management increased its position in Diodes by 5.4% during the 3rd quarter. LSV Asset Management now owns 2,001,312 shares of the semiconductor company’s stock valued at $129,905,000 after buying an additional 103,006 shares in the last quarter. Finally, State Street Corp raised its stake in Diodes by 7.9% during the first quarter. State Street Corp now owns 1,982,740 shares of the semiconductor company’s stock valued at $183,919,000 after buying an additional 144,410 shares during the last quarter. 96.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Benchmark increased their price target on shares of Diodes from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Cowen increased their target price on shares of Diodes from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. Wells Fargo & Company reduced their price target on Diodes from $95.00 to $85.00 in a report on Wednesday, May 10th. StockNews.com began coverage on Diodes in a report on Thursday. They issued a “buy” rating for the company. Finally, Truist Financial boosted their target price on Diodes from $101.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, February 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.83.

About Diodes

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Diodes, Inc manufactures and supplies application-specific standard products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. The firm offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect, and temperature sensors.