Insider Selling: Diodes Incorporated (NASDAQ:DIOD) CEO Sells 2,000 Shares of Stock
Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $46.77, for a total value of $93,540.00. Following the transaction, the chief executive officer now directly owns 579,359 shares in the company, valued at $27,096,620.43. The sale was disclosed in a filing with the SEC, which is available through this link.
Keh Shew Lu also recently made the following trade(s):
- On Monday, November 25th, Keh Shew Lu sold 12,000 shares of Diodes stock. The shares were sold at an average price of $46.23, for a total value of $554,760.00.
NASDAQ:DIOD traded up $0.17 during mid-day trading on Monday, hitting $46.31. 332,900 shares of the company’s stock traded hands, compared to its average volume of 401,240. The company has a fifty day moving average of $44.73 and a 200 day moving average of $38.96. Diodes Incorporated has a twelve month low of $29.88 and a twelve month high of $49.36. The company has a market capitalization of $2.36 billion, a P/E ratio of 19.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.79 and a current ratio of 2.56.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Thursday, November 7th. Wells Fargo & Co assumed coverage on Diodes in a research report on Monday, August 19th. They set an “outperform” rating and a $55.00 target price on the stock. Finally, BidaskClub lowered Diodes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.00.
Several hedge funds have recently made changes to their positions in DIOD. First Trust Advisors LP increased its holdings in shares of Diodes by 91.2% in the first quarter. First Trust Advisors LP now owns 110,769 shares of the semiconductor company’s stock valued at $3,844,000 after purchasing an additional 52,849 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Diodes by 2.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 15,666 shares of the semiconductor company’s stock valued at $570,000 after purchasing an additional 300 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Diodes in the second quarter valued at about $274,000. Bridge City Capital LLC increased its holdings in shares of Diodes by 0.5% in the second quarter. Bridge City Capital LLC now owns 49,430 shares of the semiconductor company’s stock valued at $1,798,000 after purchasing an additional 243 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Diodes in the second quarter valued at about $258,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.
Diodes Company Profile
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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