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.

WARNING: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/11/21/insider-selling-diodes-incorporated-diod-svp-sells-14396-shares-of-stock.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in shares of Diodes by 230.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,850 shares of the semiconductor company’s stock valued at $863,000 after acquiring an additional 20,117 shares during the period. Algert Global LLC increased its position in shares of Diodes by 21.0% in the 3rd quarter. Algert Global LLC now owns 106,479 shares of the semiconductor company’s stock valued at $3,187,000 after acquiring an additional 18,511 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Diodes in the 3rd quarter valued at $250,000. California Public Employees Retirement System increased its position in shares of Diodes by 5.6% in the 3rd quarter. California Public Employees Retirement System now owns 58,508 shares of the semiconductor company’s stock valued at $1,751,000 after acquiring an additional 3,108 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Diodes by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,475,574 shares of the semiconductor company’s stock valued at $104,023,000 after acquiring an additional 227,672 shares during the period. 74.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Diodes (NASDAQ:DIOD)

Receive News & Ratings for Diodes Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.