Insider Selling: Diodes Incorporated (DIOD) CEO Sells 13,503 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 13,503 shares of Diodes stock in a transaction on Friday, May 19th. The stock was sold at an average price of $26.00, for a total transaction of $351,078.00. Following the completion of the transaction, the chief executive officer now owns 1,080,636 shares in the company, valued at approximately $28,096,536. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Keh Shew Lu also recently made the following trade(s):

  • On Friday, May 26th, Keh Shew Lu sold 65,113 shares of Diodes stock. The stock was sold at an average price of $26.26, for a total transaction of $1,709,867.38.
  • On Tuesday, May 30th, Keh Shew Lu sold 93,765 shares of Diodes stock. The stock was sold at an average price of $26.15, for a total transaction of $2,451,954.75.
  • On Tuesday, May 16th, Keh Shew Lu sold 29,126 shares of Diodes stock. The stock was sold at an average price of $26.38, for a total transaction of $768,343.88.

Diodes Incorporated (NASDAQ:DIOD) traded down 2.71% during midday trading on Friday, reaching $25.13. 373,908 shares of the company traded hands. The stock has a market capitalization of $1.22 billion, a P/E ratio of 66.84 and a beta of 1.14. The company has a 50 day moving average price of $25.29 and a 200-day moving average price of $24.88. Diodes Incorporated has a one year low of $16.92 and a one year high of $27.50.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The business had revenue of $236.30 million during the quarter, compared to the consensus estimate of $231.03 million. Diodes had a return on equity of 4.72% and a net margin of 1.98%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. Analysts forecast that Diodes Incorporated will post $1.16 EPS for the current fiscal year.

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

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Several large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in Diodes by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 40 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Diodes by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,010 shares of the semiconductor company’s stock valued at $278,000 after buying an additional 140 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Diodes by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,325 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 148 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Diodes by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,452 shares of the semiconductor company’s stock valued at $166,000 after buying an additional 198 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in Diodes by 5.7% in the first quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 481 shares during the period. 75.51% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on DIOD. Zacks Investment Research raised shares of Diodes from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 16th. Robert W. Baird reaffirmed an “outperform” rating and set a $30.00 target price on shares of Diodes in a research note on Friday, June 9th.

About Diodes

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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