Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu Sells 3,000 Shares

Posted by Erica Schwartz on May 26th, 2023

Diodes Incorporated (NASDAQ:DIOD – Get Rating) CEO Keh Shew Lu sold 3,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 286,492 shares in the company, valued at approximately $27,617,828.80. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were 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 shares were sold at an average price of $93.04, for a total value of $465,200.00.

Diodes Stock Up 4.2 %

Shares of NASDAQ DIOD traded up $3.90 during mid-day trading on Friday, reaching $95.81. 181,978 shares of the company were exchanged, compared to its average volume of 204,129. The company has a quick ratio of 2.00, a current ratio of 2.87 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.38 billion, a price-to-earnings 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 firm has a 50-day moving average of $87.13 and a 200 day moving average of $87.02.

Diodes (NASDAQ:DIOD – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $1.59 EPS for the quarter, beating 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 company had revenue of $467.24 million during the quarter, compared to analysts’ expectations of $467.03 million. During the same period last year, the business posted $1.75 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts expect that Diodes Incorporated will post 6.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DIOD shares. Benchmark upped their target price on Diodes from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Wells Fargo & Company lowered their target price on Diodes from $95.00 to $85.00 in a report on Wednesday, May 10th. Truist Financial upped their target price on Diodes from $101.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, February 7th. StockNews.com started coverage on Diodes in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Robert W. Baird upped their target price on Diodes from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.83.

Institutional Investors Weigh In On Diodes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC acquired a new position in shares of Diodes in the first quarter valued at about $28,000. Belpointe Asset Management LLC acquired a new stake in Diodes during the fourth quarter worth about $43,000. Standard Family Office LLC purchased a new position in Diodes during the third quarter valued at approximately $71,000. Robeco Institutional Asset Management B.V. purchased a new position in Diodes during the first quarter valued at approximately $75,000. Finally, Quantbot Technologies LP purchased a new position in Diodes during the second quarter valued at approximately $76,000. 96.24% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Company Profile

(Get Rating)

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.