Insider Selling: Diodes Incorporated (DIOD) CEO Sells 49,428 Shares of Stock
Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 49,428 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $30.15, for a total value of $1,490,254.20. Following the transaction, the chief executive officer now owns 1,072,021 shares of the company’s stock, valued at approximately $32,321,433.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Keh Shew Lu also recently made the following trade(s):
- On Tuesday, October 3rd, Keh Shew Lu sold 69,084 shares of Diodes stock. The shares were sold at an average price of $30.30, for a total value of $2,093,245.20.
Shares of Diodes Incorporated (DIOD) traded up 0.10% during trading on Wednesday, hitting $30.93. The company had a trading volume of 314,133 shares. The company has a market capitalization of $1.52 billion, a P/E ratio of 58.58 and a beta of 1.26. The stock’s 50-day moving average price is $27.94 and its 200 day moving average price is $25.73. Diodes Incorporated has a 52 week low of $19.64 and a 52 week high of $30.95.
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 Zacks’ consensus estimate of $0.36. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The firm had revenue of $264.20 million during the quarter, compared to analyst estimates of $261.15 million. During the same period last year, the company earned $0.20 EPS. Diodes’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts forecast that Diodes Incorporated will post $1.28 earnings per share for the current year.
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Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of 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 acquiring an additional 4,625,794 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 165,243 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 261,522 shares during the last quarter. State Street Corp lifted its stake in shares of 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 acquiring an additional 46,506 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of 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 acquiring an additional 21,697 shares during the last quarter. 73.74% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on DIOD shares. Cleveland Research downgraded 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 downgraded Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Sidoti started 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Diodes has an average rating of “Hold” and an average target price of $30.67.
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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