Diodes Incorporated (DIOD) CEO Keh Shew Lu Sells 69,983 Shares
Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 69,983 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $31.20, for a total value of $2,183,469.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Keh Shew Lu also recently made the following trade(s):
- On Monday, October 2nd, Keh Shew Lu sold 49,428 shares of Diodes stock. The stock was sold at an average price of $30.15, for a total value of $1,490,254.20.
- On Tuesday, October 3rd, Keh Shew Lu sold 69,084 shares of Diodes stock. The stock was sold at an average price of $30.30, for a total value of $2,093,245.20.
Shares of Diodes Incorporated (DIOD) traded up 2.49% on Tuesday, hitting $31.70. The stock had a trading volume of 474,566 shares. Diodes Incorporated has a 52-week low of $19.64 and a 52-week high of $31.95. The firm’s 50-day moving average price is $28.39 and its 200 day moving average price is $25.94. The firm has a market cap of $1.56 billion, a PE ratio of 60.04 and a beta of 1.26.
Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The firm 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 in the prior year, the firm earned $0.20 EPS. On average, equities research analysts predict that Diodes Incorporated will post $1.28 EPS for the current year.
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Several research analysts have recently issued reports on DIOD shares. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Sidoti started coverage on Diodes in a research note on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Diodes currently has a consensus rating of “Hold” and a consensus price target of $30.67.
Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its stake in Diodes by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 3,332 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Diodes by 10.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 800 shares during the last quarter. Mason Street Advisors LLC raised its stake in Diodes by 5.7% during the 1st quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 481 shares during the last quarter. Virtu KCG Holdings LLC raised its stake in Diodes by 8.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 815 shares during the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in Diodes during the 2nd quarter valued at approximately $265,000. 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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