Diodes Incorporated (DIOD) CFO Richard Dallas White Sells 14,752 Shares
Diodes Incorporated (NASDAQ:DIOD) CFO Richard Dallas White sold 14,752 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $30.01, for a total value of $442,707.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Diodes Incorporated (DIOD) traded up 0.10% during midday trading on Wednesday, reaching $30.93. The company had a trading volume of 314,133 shares. Diodes Incorporated has a 52 week low of $19.64 and a 52 week high of $30.95. The stock has a 50-day moving average of $27.94 and a 200 day moving average of $25.73. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 58.58 and a beta of 1.26.
Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $264.20 million for 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 company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, analysts anticipate that Diodes Incorporated will post $1.28 earnings per share for the current year.
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DIOD has been the subject of several analyst reports. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Sidoti initiated coverage on Diodes in a report on Thursday, September 21st. They set a “neutral” rating and a $32.00 target price for the company. Finally, Robert W. Baird restated an “outperform” rating and set a $30.00 target price on shares of Diodes in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, three have assigned 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.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its stake in shares of Diodes by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock valued at $181,000 after buying an additional 3,332 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Diodes by 10.1% during the first quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after buying an additional 800 shares during the last quarter. Mason Street Advisors LLC grew its stake in shares of Diodes by 5.7% during the first quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 481 shares during the last quarter. Virtu KCG Holdings LLC grew its stake in shares of Diodes by 8.0% during the second quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock valued at $264,000 after buying an additional 815 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of Diodes during the second quarter valued at approximately $265,000. 73.74% of the stock is currently owned by hedge funds and other institutional investors.
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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