Gary Yu Sells 1,000 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Posted by Matthew Steigler on May 26th, 2023

Diodes Incorporated (NASDAQ:DIOD – Get Rating) COO Gary Yu sold 1,000 shares of Diodes stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $96.50, for a total transaction of $96,500.00. Following the completion of the transaction, the chief operating officer now owns 45,296 shares of the company’s stock, valued at approximately $4,371,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gary Yu also recently made the following trade(s):

On Monday, May 22nd, Gary Yu sold 1,000 shares of Diodes stock. The shares were sold at an average price of $95.07, for a total transaction of $95,070.00.
On Tuesday, May 16th, Gary Yu sold 2,000 shares of Diodes stock. The shares were sold at an average price of $90.21, for a total transaction of $180,420.00.

Diodes Price Performance

NASDAQ:DIOD traded up $3.90 during mid-day trading on Friday, reaching $95.81. 181,978 shares of the stock were exchanged, compared to its average volume of 204,129. The business has a fifty day moving average price of $86.97 and a 200 day moving average price of $86.86. The firm has a market capitalization of $4.38 billion, a PE ratio of 13.36 and a beta of 1.48. Diodes Incorporated has a 1-year low of $58.52 and a 1-year high of $97.45. The company has a current ratio of 2.87, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05.

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

Institutional Investors Weigh In On Diodes

Several large investors have recently made changes to their positions in the company. Earnest Partners LLC boosted its position in Diodes by 58.8% during the fourth quarter. Earnest Partners LLC now owns 2,571,905 shares of the semiconductor company’s stock worth $195,825,000 after purchasing an additional 952,090 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Diodes by 234.4% during the first quarter. Envestnet Asset Management Inc. now owns 665,132 shares of the semiconductor company’s stock worth $17,321,000 after buying an additional 466,204 shares during the last quarter. Norges Bank acquired a new position in shares of Diodes during the fourth quarter worth approximately $30,756,000. Channing Capital Management LLC lifted its holdings in shares of Diodes by 83.6% during the third quarter. Channing Capital Management LLC now owns 671,654 shares of the semiconductor company’s stock worth $43,597,000 after buying an additional 305,781 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Diodes by 102.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 578,250 shares of the semiconductor company’s stock worth $50,302,000 after buying an additional 292,450 shares during the last quarter. Institutional investors own 96.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DIOD. StockNews.com began coverage on shares of Diodes in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Wells Fargo & Company cut their price objective on shares of Diodes from $95.00 to $85.00 in a report on Wednesday, May 10th. Benchmark increased their target price on shares of Diodes from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Cowen increased their price objective on shares of Diodes from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, February 7th. Finally, Robert W. Baird increased their price objective on shares of Diodes from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.