Diodes Incorporated (NASDAQ:DIOD) posted its earnings results on Tuesday. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.09. The company had revenue of $236.30 million for the quarter, compared to analyst estimates of $231.03 million. Diodes had a net margin of 1.66% and a return on equity of 4.44%. Diodes’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS.
Diodes (NASDAQ:DIOD) traded up 1.49% during trading on Friday, reaching $25.83. 305,639 shares of the company’s stock traded hands. The firm has a 50 day moving average of $23.91 and a 200 day moving average of $24.34. Diodes has a 1-year low of $16.75 and a 1-year high of $27.50. The firm has a market capitalization of $1.25 billion, a PE ratio of 68.70 and a beta of 1.16.
In related news, CFO Richard Dallas White sold 9,855 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $26.25, for a total value of $258,693.75. Following the sale, the chief financial officer now directly owns 121,916 shares of the company’s stock, valued at $3,200,295. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Francis Tang sold 6,639 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $26.50, for a total transaction of $175,933.50. Following the completion of the sale, the vice president now directly owns 76,577 shares in the company, valued at $2,029,290.50. The disclosure for this sale can be found here. Insiders have sold a total of 86,069 shares of company stock worth $2,269,036 over the last ninety days. 6.70% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in DIOD. Wells Fargo & Company MN boosted its stake in Diodes by 23.9% in the third quarter. Wells Fargo & Company MN now owns 19,692 shares of the semiconductor company’s stock valued at $420,000 after buying an additional 3,800 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Diodes by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 412,541 shares of the semiconductor company’s stock valued at $8,804,000 after buying an additional 6,338 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Diodes by 20.4% in the third quarter. UBS Asset Management Americas Inc. now owns 18,900 shares of the semiconductor company’s stock valued at $403,000 after buying an additional 3,200 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Diodes by 22,898.9% in the third quarter. JPMorgan Chase & Co. now owns 40,478 shares of the semiconductor company’s stock valued at $864,000 after buying an additional 40,302 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in Diodes by 8.4% in the third quarter. BlackRock Fund Advisors now owns 2,715,098 shares of the semiconductor company’s stock valued at $57,940,000 after buying an additional 210,920 shares in the last quarter. 75.07% of the stock is currently owned by institutional investors and hedge funds.
DIOD has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 31st. Summit Redstone reiterated a “sell” rating on shares of Diodes in a report on Saturday, January 21st. Finally, Robert W. Baird boosted their target price on shares of Diodes from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th.
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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