Diodes Incorporated (DIOD, Financial) recently disclosed in an SEC filing that the company's Chief Financial Officer, Brett Whitmire, sold 3,400 shares of the company's stock on February 28, 2024. The transaction was executed at an average price of $67.3 per share, resulting in a total sale amount of $228,820.
Brett Whitmire has been active in the market over the past year, selling a total of 6,049 shares and making no purchases of the company's stock during that period.
Diodes Inc is a manufacturer and supplier of high-quality semiconductor products to the electronics industry. The company's offerings include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature sensors, power management devices, including LED drivers, AC-DC converters and controllers, among others. Diodes Inc serves the consumer electronics, computing, communications, industrial, and automotive markets.
The insider transaction history for Diodes Inc shows a pattern of insider sales, with 24 insider sells and no insider buys over the past year.
On the valuation front, Diodes Inc's shares were trading at $67.3 on the day of the insider's recent sale, giving the company a market capitalization of $3.123 billion. The price-earnings ratio stands at 13.85, which is below both the industry median of 29.62 and the company's historical median price-earnings ratio.
With the current share price and a GuruFocus Value of $75.66, Diodes Inc has a price-to-GF-Value ratio of 0.89, indicating that the stock is modestly undervalued according to GuruFocus's intrinsic value estimate.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
Investors and analysts often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, it is important to note that insider selling can occur for various reasons and may not necessarily indicate a negative outlook on the company's future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
