Diodes Incorporated (NASDAQ:DIOD) major shareholder Semiconductor Corp Lite-On sold 116,209 shares of Diodes stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $26.95, for a total value of $3,131,832.55. Following the completion of the transaction, the insider now directly owns 8,045,778 shares in the company, valued at $216,833,717.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Diodes Incorporated (NASDAQ:DIOD) traded down 1.36% during mid-day trading on Thursday, hitting $26.75. The stock had a trading volume of 491,184 shares. Diodes Incorporated has a one year low of $19.31 and a one year high of $27.51. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 50.66 and a beta of 1.22. The stock’s 50 day moving average price is $25.89 and its 200 day moving average price is $24.97.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The company had revenue of $264.20 million during the quarter, compared to analysts’ expectations of $261.15 million. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. Analysts forecast that Diodes Incorporated will post $1.28 EPS for the current year.

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Several research analysts have commented on DIOD shares. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, August 11th. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Cleveland Research downgraded Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Diodes in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Diodes has a consensus rating of “Hold” and an average price target of $30.00.

Institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd raised its position in shares of Diodes by 58.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 20,950 shares of the semiconductor company’s stock worth $504,000 after buying an additional 7,714 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Diodes during the second quarter worth $851,000. Arrowstreet Capital Limited Partnership raised its position in shares of Diodes by 324.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 125,700 shares of the semiconductor company’s stock worth $3,021,000 after buying an additional 96,100 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Diodes during the second quarter worth $587,000. Finally, State Street Corp raised its position in shares of Diodes by 4.8% in the second quarter. State Street Corp now owns 1,022,899 shares of the semiconductor company’s stock worth $24,572,000 after buying an additional 46,506 shares during the period. Institutional investors own 74.16% of the company’s stock.

Diodes Company Profile

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

Insider Buying and Selling by Quarter for Diodes (NASDAQ:DIOD)

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