Clemente Beltran Sells 17,688 Shares of Diodes Incorporated (DIOD) Stock
Diodes Incorporated (NASDAQ:DIOD) VP Clemente Beltran sold 17,688 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $30.00, for a total transaction of $530,640.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Diodes Incorporated (NASDAQ:DIOD) traded up 0.10% during trading on Wednesday, hitting $30.93. 314,133 shares of the stock traded hands. Diodes Incorporated has a 1-year low of $19.64 and a 1-year high of $30.95. The company has a 50 day moving average of $27.94 and a 200-day moving average of $25.73. The company has a market cap of $1.52 billion, a PE ratio of 58.58 and a beta of 1.26.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $264.20 million for the quarter, compared to the consensus estimate of $261.15 million. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. On average, equities analysts anticipate that Diodes Incorporated will post $1.28 EPS for the current fiscal year.
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Several equities analysts have commented on DIOD shares. Cleveland Research cut shares of Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. Zacks Investment Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Sidoti started coverage on shares of Diodes in a research note on Thursday, September 21st. They set a “neutral” rating and a $32.00 target price on the stock. Finally, Robert W. Baird reissued an “outperform” rating and set a $30.00 target price on shares of Diodes in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.67.
A number of large investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Diodes by 50,610.4% during the 1st quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock worth $111,471,000 after purchasing an additional 4,625,794 shares during the last quarter. Vanguard Group Inc. raised its holdings in Diodes by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 3,356,058 shares of the semiconductor company’s stock worth $80,713,000 after purchasing an additional 165,243 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Diodes by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,247,902 shares of the semiconductor company’s stock worth $78,048,000 after purchasing an additional 261,522 shares during the last quarter. State Street Corp raised its holdings in Diodes by 4.8% during the 2nd quarter. State Street Corp now owns 1,022,899 shares of the semiconductor company’s stock worth $24,572,000 after purchasing an additional 46,506 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Diodes by 2.9% during the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock worth $18,679,000 after purchasing an additional 21,697 shares during the last quarter. 73.74% of the stock is owned by hedge funds and other institutional investors.
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.
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