Diodes Incorporated (NASDAQ:DIOD) SVP Mark A. King sold 7,967 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $26.55, for a total value of $211,523.85. Following the transaction, the senior vice president now owns 100,158 shares of the company’s stock, valued at approximately $2,659,194.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Diodes Incorporated (NASDAQ DIOD) traded down 2.71% during mid-day trading on Friday, reaching $25.13. The company’s stock had a trading volume of 373,908 shares. Diodes Incorporated has a 12 month low of $16.92 and a 12 month high of $27.50. The firm 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 of $25.29 and a 200-day moving average of $24.88.
Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. The business had revenue of $236.30 million for the quarter, compared to analyst estimates of $231.03 million. Diodes had a return on equity of 4.72% and a net margin of 1.98%. Diodes’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. Equities research analysts forecast that Diodes Incorporated will post $1.16 EPS for the current year.
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A number of research analysts recently issued reports on DIOD shares. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Friday, May 12th. Robert W. Baird restated an “outperform” rating and set a $30.00 price objective on shares of Diodes in a research report on Friday, June 9th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Diodes by 50,610.4% in the first quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock valued at $111,471,000 after buying an additional 4,625,794 shares in the last quarter. Norges Bank bought a new position in Diodes during the fourth quarter worth $27,794,000. Dimensional Fund Advisors LP increased its position in Diodes by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,986,380 shares of the semiconductor company’s stock worth $71,822,000 after buying an additional 219,293 shares during the period. BlackRock Fund Advisors increased its position in Diodes by 8.4% in the third quarter. BlackRock Fund Advisors now owns 2,715,098 shares of the semiconductor company’s stock worth $57,940,000 after buying an additional 210,920 shares during the period. Finally, Vanguard Group Inc. increased its position in Diodes by 5.2% in the first 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. 75.51% of the stock is currently owned by hedge funds and other institutional investors.
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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