Insider Selling: Diodes Incorporated (DIOD) SVP Sells 14,396 Shares of Stock
Diodes Incorporated (NASDAQ:DIOD) SVP Mark A. King sold 14,396 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $31.29, for a total value of $450,450.84. Following the transaction, the senior vice president now directly owns 94,719 shares in the company, valued at $2,963,757.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Diodes Incorporated (NASDAQ DIOD) traded down $0.01 during midday trading on Tuesday, hitting $31.31. The company had a trading volume of 440,179 shares, compared to its average volume of 242,561. 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 $22.06 and a 52-week high of $35.36. The firm has a market cap of $1,520.00, a P/E ratio of 28.13 and a beta of 1.23.
Diodes (NASDAQ:DIOD) last released its earnings results 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. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The firm had revenue of $285.20 million for the quarter, compared to the consensus estimate of $281.66 million. During the same period in the prior year, the firm earned $0.30 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. sell-side analysts predict that Diodes Incorporated will post 1.35 earnings per share for the current year.
A number of equities analysts have recently issued reports on DIOD shares. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 17th. Sidoti started coverage on Diodes in a research report on Thursday, September 21st. They set a “neutral” rating and a $32.00 price target on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Finally, Benchmark Co. downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.67.
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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