Gary Yu, President of Diodes Inc (NASDAQ:DIOD), a $2.71 billion semiconductor company currently trading at $58.56, recently sold 2,900 shares of the company’s common stock. According to InvestingPro analysis, the company’s shares are currently trading near their Fair Value. The transaction, completed on February 4, 2025, was executed at an average price of $56.04 per share, totaling $162,516. Following this sale, Yu’s direct ownership of Diodes Inc stock stands at 79,697 shares. With the company’s next earnings report due on February 11, 2025, investors tracking insider movements can access comprehensive insider trading analysis and 10+ additional ProTips through InvestingPro.
In addition to the sale, Yu acquired 22,000 shares of Diodes Incorporated Common Stock on February 3, 2025, at no cost as part of a grant under a Rule 16b-3 Plan. This acquisition increased his holdings to 84,585 shares before the sale.
Yu also had 1,988 shares automatically withheld on February 3, 2025, to cover income tax obligations related to vested restricted stock units, valued at $56.45 per share, amounting to $112,222.
In other recent news, Diodes Incorporated reported its third-quarter financial results for the fiscal year 2024, revealing a sequential revenue increase of 9.5% to $350.1 million. However, this figure was down from the same quarter of the previous year, which saw revenues of $404.6 million. The company’s gross profit was $118 million with a gross margin of 33.7%, and GAAP net income stood at $13.7 million or $0.30 per diluted share. Despite these mixed results, Diodes Incorporated anticipates a slight sequential decrease in revenue for Q4 2024.
In other developments, the company introduced 115 new automotive parts and identified further growth opportunities in China, which contributes 43% to total revenue. However, Diodes Incorporated expects a slight decline in automotive and industrial markets in Q4, with the computing market remaining stable or slightly increasing and consumer market demand expected to decrease post-holiday.
Looking ahead, Diodes Incorporated projects a recovery in 2025 as product qualifications progress. The company also anticipates stable automotive pricing negotiations, despite year-over-year pricing impacts around 10%. These recent developments highlight the company’s strategic approach and product offerings, positioning it for anticipated growth in the coming year.
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