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Insider Buying: Diodes Incorporated (NASDAQ: DIOD) SVP Acquires 2,000 Shares


Built-in diodes (NASDAQ:DIODGet a rating) please Francois Tang acquired 2,000 Diodes shares in a transaction on Thursday, April 14. The shares were purchased at an average price of $70.00 per share, for a total transaction of $140,000.00. Following the purchase, the senior vice president now owns 45,989 shares of the company, valued at $3,219,230. The purchase was disclosed in an SEC filing, which is available via this hyperlink.

Shares of NASDAQ:DIOD traded at $2.95 during Monday’s trading, reaching $73.06. The company’s shares had a trading volume of 7,731 shares, compared to an average volume of 325,314. The company has a debt ratio of 0.20, a quick ratio of 1.78 and a current ratio of 2, 52. The company has a market capitalization of $3.29 billion, a PE ratio of 14.04 and a beta of 1.12. Diodes Incorporated has a fifty-two week low of $68.01 and a fifty-two week high of $113.98. The stock’s 50-day moving average price is $85.71 and its two-hundred-day moving average price is $94.75.

diodes (NASDAQ:DIODGet a rating) last reported quarterly earnings data on Wednesday, February 9. The semiconductor company reported earnings per share of $1.60 for the quarter, beating Thomson Reuters consensus estimate of $1.45 by $0.15. The company posted revenue of $480.17 million in the quarter, compared to analyst estimates of $476.20 million. Diodes had a return on equity of 20.10% and a net margin of 12.67%. During the same period of the previous year, the company made earnings per share of $0.74. On average, stock analysts predict that Diodes Incorporated will post earnings per share of 6.43 for the current fiscal year.

A number of research analysts have commented on DIOD shares. Zacks Investment Research upgraded Diodes from a “strong buy” rating to a “hold” rating in a Tuesday, April 12 research note. Truist Financial reduced its price target on Diodes from $125.00 to $97.00 in a Friday, April 8 research note. To finish, StockNews.com assumed diode coverage in a Thursday, March 31, research note. They issued a “buy” rating on the stock. Two research analysts rated the stock with a hold rating and three assigned the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $102.75.

Several large investors have recently bought and sold shares of DIOD. First Trust Advisors LP increased its holdings of Diodes shares by 91.2% in the first quarter. First Trust Advisors LP now owns 110,769 shares of the semiconductor company valued at $3,844,000 after buying an additional 52,849 shares in the last quarter. Morgan Stanley increased its holdings of Diodes shares by 23.5% during the second quarter. Morgan Stanley now owns 230,215 shares of the semiconductor company valued at $18,365,000 after buying an additional 43,842 shares in the last quarter. Texas Permanent School Fund increased its holdings in Diodes by 5.3% in Q3. The Texas Permanent School Fund now owns 33,261 shares of the semiconductor company worth $3,013,000 after buying 1,674 additional shares last quarter. Commonwealth Equity Services LLC increased its stake in Diodes by 7.8% in the third quarter. Commonwealth Equity Services LLC now owns 7,438 shares of the semiconductor company worth $673,000 after buying an additional 536 shares last quarter. Finally, Amalgamated Bank increased its stake in Diodes by 0.6% in the third quarter. Amalgamated Bank now owns 22,940 shares of the semiconductor company worth $2,078,000 after buying 135 more shares last quarter. 94.09% of the shares are held by institutional investors.

Diodes company profile (Get a rating)

Diodes Incorporated designs, manufactures and supplies standard products specific to applications in the global discrete, logic, analog and mixed-signal semiconductor markets. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFETs, TVS, and high-performance Schottky rectifiers; GPP bridges and retifiers and high-performance Schottky diodes; Zener diodes and Zener performance including tight tolerance and low operating current type; standard, fast, super-fast and super-fast recovery straighteners; bridge rectifiers; switching diodes; small-signal bipolar and prepolarized transistors; thyristor surge protection devices; and transient voltage suppressors.

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