Emily Yang, the Senior Vice President of Worldwide Sales and Marketing at Diodes Inc . (NASDAQ:DIOD), recently sold shares of the company’s stock, according to a recent SEC filing. On February 4, Yang sold 950 shares at a price of $56.04 each, totaling approximately $53,238. The sale occurred as DIOD trades at $58.56, with a price-to-earnings ratio of 44.3. Following this transaction, Yang now owns 65,107 shares of Diodes Inc. According to InvestingPro, the company maintains strong financial health with a Fair overall rating.
In addition to the sale, Yang also acquired 8,000 shares of Diodes Inc. common stock on February 3, though these were granted under a plan with no monetary exchange. This acquisition increased her holdings to 67,820 shares before the sale. With the company’s next earnings report due in 6 days, InvestingPro subscribers can access 8 additional key insights about DIOD’s financial outlook.
The transactions reflect Yang’s ongoing management of her equity stake in the semiconductor company, which is based in Plano, Texas. The company holds more cash than debt on its balance sheet, with a healthy current ratio of 3.58, indicating strong liquidity position.
In other recent news, Diodes Incorporated reported mixed third-quarter results, with a sequential revenue increase of 9.5%, totaling $350.1 million. However, this was a decrease from the $404.6 million reported in the same quarter of the previous year. The gross profit for the company stood at $118 million, with a gross margin of 33.7%. The GAAP net income was noted at $13.7 million, or $0.30 per diluted share, marking an improvement from the preceding quarter but a decrease from the previous year’s $48.7 million, or $1.05 per share.
These recent developments also include the company’s projection of a slight sequential decrease in revenue for the fourth quarter of 2024. The company’s presence in the automotive market was highlighted with the introduction of 115 new automotive parts and a growth in automotive market revenue, which now comprises 19% of product revenue. Analyst notes from the earnings call highlighted a potential decrease in gross margins due to strategic investments and market softness.
The company also outlined its expectations for recovery in 2025 as product qualifications progress. Analysts from various firms noted Diodes Incorporated’s significant presence in China, which contributes 43% to total revenue, and identified further growth opportunities. The company remains confident in its strategic approach and product offerings, anticipating stronger momentum into 2025, especially in AI-related products, despite the challenges faced in the current fiscal year.
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