Insider Selling: Keh Shew Lu Unloads 6,001 Shares of Diodes Stock (DIOD)
Diodes (NASDAQ:DIOD) CEO Keh Shew Lu sold 6,001 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $28.83, for a total transaction of $173,008.83. Following the sale, the chief executive officer now directly owns 822,692 shares in the company, valued at approximately $23,718,210. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Diodes (NASDAQ:DIOD) traded down 2.15% during mid-day trading on Monday, hitting $29.16. The stock had a trading volume of 174,725 shares. Diodes has a 52 week low of $19.26 and a 52 week high of $30.79. The stock has a 50-day moving average of $28.58 and a 200-day moving average of $25.83. The company has a market cap of $1.365 billion and a price-to-earnings ratio of 37.16.
Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter 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 research firms have recently commented on DIOD. 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 presently has an average rating of “Buy” and a consensus price target 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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