Diodes Director C H. Chen Sells 15,000 Shares (DIOD)
Diodes (NASDAQ:DIOD) Director C H. Chen sold 15,000 shares of Diodes stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $30.00, for a total value of $450,000.00. Following the transaction, the director now directly owns 510,879 shares in the company, valued at approximately $15,326,370. The sale was disclosed in a document filed with the SEC, which is available at this link.
Diodes (NASDAQ:DIOD) traded down 1.39% on Thursday, hitting $27.65. 204,366 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 $29.17 and a 200-day moving average of $26.29. The company has a market cap of $1.294 billion and a price-to-earnings ratio of 34.96.
Diodes (NASDAQ:DIOD) last issued its quarterly 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. 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 Zacks upgraded shares of Diodes from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 8th. 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, Diodes presently 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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