Diodes Incorporated (NASDAQ:DIOD) CEO Sells $289,200.00 in Stock

Diodes Incorporated (NASDAQ:DIOD – Get Rating) CEO Keh Shew Lu sold 3,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $96.40, for a total value of $289,200.00. Following the sale, the chief executive officer now directly owns 286,492 shares in the company, valued at $27,617,828.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, May 22nd, Keh Shew Lu sold 3,683 shares of Diodes stock. The shares were sold at an average price of $95.74, for a total value of $352,610.42.
• 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 value of $2,272,320.00.
• On Wednesday, May 17th, Keh Shew Lu sold 5,000 shares of Diodes stock. The stock was sold at an average price of $93.04, for a total value of $465,200.00.

Diodes Stock Performance

Shares of NASDAQ DIOD traded up $3.90 during trading on Friday, hitting $95.81. The company had a trading volume of 181,978 shares, compared to its average volume of 204,129. The stock has a 50 day simple moving average of $87.13 and a 200 day simple moving average of $87.02. 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 Incorporated has a 12 month low of $58.52 and a 12 month high of $97.45. The firm has a market capitalization of $4.38 billion, a P/E ratio of 13.36 and a beta of 1.48.

Diodes (NASDAQ:DIOD – Get Rating) last issued its earnings results on Tuesday, May 9th. The semiconductor company reported $1.59 earnings per share (EPS) 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 the consensus estimate of $467.03 million. Diodes had a return on equity of 21.67% and a net margin of 16.61%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $1.75 EPS. As a group, analysts anticipate that Diodes Incorporated will post 6.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial raised their target price on Diodes from $101.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, February 7th. Wells Fargo & Company dropped their target price on Diodes from $95.00 to $85.00 in a research report on Wednesday, May 10th. Robert W. Baird raised their target price on Diodes from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 7th. Cowen raised their target price on Diodes from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 7th. Finally, StockNews.com initiated coverage on Diodes in a research note on Thursday, May 18th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.83.

Institutional Trading of Diodes

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIOD. JPMorgan Chase & Co. grew its holdings in Diodes by 23.0% during the 1st quarter. JPMorgan Chase & Co. now owns 117,862 shares of the semiconductor company’s stock valued at $10,252,000 after buying an additional 22,056 shares in the last quarter. Raymond James & Associates grew its holdings in Diodes by 111.4% during the 1st quarter. Raymond James & Associates now owns 8,385 shares of the semiconductor company’s stock valued at $729,000 after buying an additional 4,419 shares in the last quarter. Citigroup Inc. grew its holdings in Diodes by 11.6% during the 1st quarter. Citigroup Inc. now owns 48,254 shares of the semiconductor company’s stock valued at $4,198,000 after buying an additional 5,012 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Diodes by 55.6% during the 1st quarter. MetLife Investment Management LLC now owns 22,875 shares of the semiconductor company’s stock valued at $1,990,000 after buying an additional 8,174 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Diodes by 4.9% during the 1st quarter. Rhumbline Advisers now owns 111,144 shares of the semiconductor company’s stock valued at $9,668,000 after buying an additional 5,201 shares in the last quarter. Institutional investors own 96.24% of the company’s stock.

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.