Investors Purchase High Volume of Put Options on Diodes (DIOD)

Diodes Incorporated (NASDAQ:DIOD) saw some unusual options trading activity on Wednesday. Stock traders purchased 14,575 put options on the company. This represents an increase of 2,594% compared to the typical daily volume of 541 put options.

A number of research firms recently issued reports on DIOD. BidaskClub cut Diodes from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Longbow Research cut Diodes from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Robert W. Baird reissued a “buy” rating on shares of Diodes in a research note on Friday, January 11th. Finally, ValuEngine raised Diodes from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.33.

In related news, VP Julie Holland sold 2,829 shares of the stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $40.89, for a total transaction of $115,677.81. Following the completion of the sale, the vice president now directly owns 73,949 shares of the company’s stock, valued at approximately $3,023,774.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Clemente Beltran sold 5,523 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $43.19, for a total value of $238,538.37. Following the sale, the vice president now directly owns 22,991 shares of the company’s stock, valued at $992,981.29. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,337 shares of company stock worth $5,702,687. Corporate insiders own 5.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Diodes by 3.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 498,786 shares of the semiconductor company’s stock valued at $16,604,000 after buying an additional 17,811 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Diodes by 28.6% in the 3rd quarter. Renaissance Technologies LLC now owns 124,551 shares of the semiconductor company’s stock valued at $4,146,000 after buying an additional 27,700 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of Diodes by 54.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 28,230 shares of the semiconductor company’s stock valued at $940,000 after buying an additional 9,915 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Diodes by 121.9% in the 3rd quarter. Macquarie Group Ltd. now owns 14,200 shares of the semiconductor company’s stock valued at $472,000 after buying an additional 7,800 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Diodes by 8.8% in the 3rd quarter. Legal & General Group Plc now owns 94,077 shares of the semiconductor company’s stock valued at $3,125,000 after buying an additional 7,580 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

NASDAQ DIOD opened at $38.98 on Thursday. Diodes has a 52-week low of $27.38 and a 52-week high of $44.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.89 and a quick ratio of 2.04. The company has a market cap of $1.82 billion, a P/E ratio of 16.38 and a beta of 1.08.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, May 7th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. The business had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $301.60 million. Diodes had a return on equity of 12.89% and a net margin of 8.57%. Diodes’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. As a group, sell-side analysts expect that Diodes will post 2.5 earnings per share for the current year.

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About Diodes

Diodes, Inc manufactures and supplies semiconductor products. Its products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors, power management devices, including LED drivers, AC-DC and DC-DC switching, linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers.

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