Diodes Director C H. Chen Unloads 20,000 Shares (DIOD)
Diodes (NASDAQ:DIOD) Director C H. Chen sold 20,000 shares of the company’s stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the director now directly owns 489,717 shares of the company’s stock, valued at approximately $14,691,510. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Diodes (NASDAQ:DIOD) traded up 0.27% during mid-day trading on Tuesday, hitting $29.24. 249,102 shares of the company’s stock traded hands. Diodes has a 1-year low of $19.26 and a 1-year high of $30.79. The stock has a 50-day moving average of $28.60 and a 200-day moving average of $25.85. The company has a market cap of $1.368 billion and a price-to-earnings ratio of 36.36.
Diodes (NASDAQ:DIOD) last released its earnings data 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. Analysts expect that Diodes will post $1.51 EPS for the current fiscal year.
DIOD has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Diodes from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $31.10 price target on the stock. Separately, 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. Finally, 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. Five analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $31.85.
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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