Diodes Incorporated (DIOD) SVP Sells $323,374.20 in Stock
Diodes Incorporated (NASDAQ:DIOD) SVP Mark A. King sold 10,169 shares of Diodes stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $31.80, for a total value of $323,374.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Diodes Incorporated (NASDAQ:DIOD) opened at $31.40 on Friday. The stock has a market capitalization of $1,504.42, a PE ratio of 27.69 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.18. Diodes Incorporated has a 52 week low of $22.06 and a 52 week high of $35.36.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The business 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 business earned $0.30 EPS. The firm’s revenue for the quarter 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 fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Diodes by 50,610.4% during the 1st quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock worth $111,471,000 after buying an additional 4,625,794 shares during the period. Dimensional Fund Advisors LP raised its stake in Diodes by 7.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,475,574 shares of the semiconductor company’s stock worth $104,023,000 after buying an additional 227,672 shares during the period. Vanguard Group Inc. raised its stake in Diodes by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 3,356,058 shares of the semiconductor company’s stock worth $80,713,000 after buying an additional 165,243 shares during the period. State Street Corp raised its stake in Diodes by 4.8% during the 2nd quarter. State Street Corp now owns 1,022,899 shares of the semiconductor company’s stock worth $24,572,000 after buying an additional 46,506 shares during the period. Finally, Northern Trust Corp raised its stake in Diodes by 2.9% during the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock worth $18,679,000 after buying an additional 21,697 shares during the period. 72.03% of the stock is currently owned by institutional investors and hedge funds.
DIOD has been the topic of a number of recent analyst reports. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, August 11th. Sidoti initiated coverage on Diodes in a research note on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price objective on the stock. Cleveland Research downgraded Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. Benchmark Co. downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Robert W. Baird reissued a “buy” rating and issued a $37.00 price objective on shares of Diodes in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Diodes 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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