Diodes Incorporated (DIOD) VP Sells $844,394.33 in Stock
Diodes Incorporated (NASDAQ:DIOD) VP Shiao Kwang Edmund Tang sold 27,877 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $30.29, for a total value of $844,394.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Diodes Incorporated (NASDAQ:DIOD) traded up 0.10% on Wednesday, hitting $30.93. The stock had a trading volume of 314,133 shares. Diodes Incorporated has a 12-month low of $19.64 and a 12-month high of $30.95. The firm has a market cap of $1.52 billion, a P/E ratio of 58.58 and a beta of 1.26. The company’s 50-day moving average price is $27.94 and its 200 day moving average price is $25.73.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The business had revenue of $264.20 million during the quarter, compared to analyst estimates of $261.15 million. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The company’s 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, equities research analysts forecast that Diodes Incorporated will post $1.28 earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on the company. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Robert W. Baird restated an “outperform” rating and issued a $30.00 price target on shares of Diodes in a research report on Friday, June 9th. Sidoti assumed coverage on Diodes in a research report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price target for the company. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Finally, Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $30.67.
Several institutional investors have recently made changes to their positions in DIOD. State of Alaska Department of Revenue lifted its holdings in shares of Diodes by 79.1% in 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 period. Public Employees Retirement System of Ohio lifted its holdings in shares of Diodes by 10.1% in 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 period. Mason Street Advisors LLC lifted its holdings in shares of Diodes by 5.7% in 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 period. Virtu KCG Holdings LLC lifted its holdings in shares of Diodes by 8.0% in 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 period. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Diodes in the second quarter valued at $265,000. Institutional investors and hedge funds own 73.74% 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.
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