Insider Selling: Diodes Incorporated (DIOD) VP Sells 500 Shares of Stock
Diodes Incorporated (NASDAQ:DIOD) VP Clemente Beltran sold 500 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $32.00, for a total value of $16,000.00. Following the transaction, the vice president now directly owns 26,506 shares of the company’s stock, valued at approximately $848,192. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Clemente Beltran also recently made the following trade(s):
- On Thursday, October 5th, Clemente Beltran sold 6,581 shares of Diodes stock. The stock was sold at an average price of $31.00, for a total value of $204,011.00.
- On Monday, October 2nd, Clemente Beltran sold 17,688 shares of Diodes stock. The stock was sold at an average price of $30.00, for a total value of $530,640.00.
Shares of Diodes Incorporated (DIOD) traded up 1.07% during trading on Wednesday, reaching $32.04. The company’s stock had a trading volume of 263,581 shares. The stock’s 50-day moving average is $28.54 and its 200-day moving average is $26.00. Diodes Incorporated has a 12-month low of $19.64 and a 12-month high of $32.18. The stock has a market cap of $1.57 billion, a P/E ratio of 60.68 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. 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 quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that Diodes Incorporated will post $1.28 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on DIOD shares. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, August 11th. Sidoti assumed coverage on Diodes in a report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 target price for the company. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. Finally, BidaskClub cut Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Diodes has an average rating of “Hold” and an average 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 increased 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 worth $181,000 after buying an additional 3,332 shares during the period. Public Employees Retirement System of Ohio increased 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 worth $210,000 after buying an additional 800 shares during the period. Mason Street Advisors LLC increased 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 worth $215,000 after buying an additional 481 shares during the period. Virtu KCG Holdings LLC increased 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 worth $264,000 after buying an additional 815 shares during the period. Finally, Chicago Equity Partners LLC purchased a new position in shares of Diodes in the second quarter worth about $265,000. Hedge funds and other institutional investors 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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