Diodes Incorporated (DIOD) SVP Sells $323,374.20 in Stock
Diodes Incorporated (NASDAQ:DIOD) SVP Mark A. King sold 10,169 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $31.80, for a total transaction of $323,374.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Diodes Incorporated (NASDAQ:DIOD) traded down $0.78 during trading on Tuesday, hitting $31.01. 369,700 shares of the stock traded hands, compared to its average volume of 238,500. The company has a market capitalization of $1,570.11, a PE ratio of 28.90 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 3.12. Diodes Incorporated has a 52-week low of $21.78 and a 52-week high of $35.36.
Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $285.20 million for the quarter, compared to analysts’ expectations of $281.66 million. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. sell-side analysts expect that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.
A number of research firms have commented on DIOD. Benchmark Co. cut shares of Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of Diodes in a research note on Tuesday, October 17th. Sidoti began coverage on shares of Diodes in a research note on Thursday, September 21st. They set a “neutral” rating and a $32.00 target price on the stock. Finally, BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $35.67.
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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