Diodes VP Sells $29,234 in Stock (DIOD)
Diodes (NASDAQ:DIOD) VP Chieh Chang unloaded 1,014 shares of the stock on the open market in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $28.83, for a total value of $29,233.62. Following the completion of the sale, the vice president now directly owns 15,986 shares in the company, valued at approximately $460,876. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Diodes (NASDAQ:DIOD) traded down 2.15% on Monday, hitting $29.16. 174,725 shares of the company’s stock traded hands. Diodes has a 52 week low of $19.26 and a 52 week high of $30.79. The stock’s 50-day moving average is $28.58 and its 200-day moving average is $25.83. The company has a market cap of $1.365 billion and a P/E ratio of 37.16.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Diodes will post $1.51 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on DIOD shares. Analysts at Raymond James reiterated an “outperform” rating on shares of Diodes in a research note on Tuesday, June 10th. 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, June 10th. 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, June 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.72.
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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