Insider Selling: Diodes VP Sells 3,900 Shares of Stock (DIOD)
Diodes (NASDAQ:DIOD) VP Shiao Kwang Edmund Tang sold 3,900 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $30.00, for a total value of $117,000.00. Following the completion of the sale, the vice president now directly owns 44,088 shares of the company’s stock, valued at approximately $1,322,640. The sale was disclosed in a filing with the SEC, which is available at this link.
Diodes (NASDAQ:DIOD) traded up 2.82% during mid-day trading on Tuesday, hitting $30.30. The stock had a trading volume of 488,217 shares. Diodes has a 52 week low of $19.26 and a 52 week high of $30.28. The stock’s 50-day moving average is $27.13 and its 200-day moving average is $24.61. The company has a market cap of $1.418 billion and a price-to-earnings ratio of 36.75.
Diodes (NASDAQ:DIOD) last released its earnings data on Thursday, May 8th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.03. The company had revenue of $209.99 million for the quarter, compared to the consensus estimate of $208.73 million. During the same quarter last year, the company posted $0.16 earnings per share. Diodes’s revenue was up 18.6% compared to the same quarter last year. Analysts expect that Diodes will post $1.47 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Diodes in a research note on Tuesday. They now have a $33.00 price target on the stock, up previously from $30.00. Separately, analysts at Topeka Capital Markets raised their price target on shares of Diodes from $32.00 to $34.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Diodes from $30.00 to $33.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $30.76.
Diodes Incorporated is a global manufacturer and supplier of application specific standard products within the discrete, logic and analog semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets.
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