Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 69,983 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $31.20, for a total transaction of $2,183,469.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Keh Shew Lu also recently made the following trade(s):
- On Monday, October 2nd, Keh Shew Lu sold 49,428 shares of Diodes stock. The stock was sold at an average price of $30.15, for a total transaction of $1,490,254.20.
- On Tuesday, October 3rd, Keh Shew Lu sold 69,084 shares of Diodes stock. The stock was sold at an average price of $30.30, for a total transaction of $2,093,245.20.
Diodes Incorporated (DIOD) opened at 31.90 on Friday. The firm has a 50 day moving average of $28.85 and a 200-day moving average of $26.08. Diodes Incorporated has a 52-week low of $19.64 and a 52-week high of $32.20. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 60.42 and a beta of 1.26.
Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The firm had revenue of $264.20 million for the quarter, compared to analysts’ expectations of $261.15 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts expect that Diodes Incorporated will post $1.28 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in DIOD. State of Alaska Department of Revenue grew its stake in Diodes by 79.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 3,332 shares during the period. Public Employees Retirement System of Ohio grew its stake in Diodes by 10.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 800 shares during the period. Mason Street Advisors LLC grew its stake in Diodes by 5.7% in the 1st quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 481 shares during the period. Virtu KCG Holdings LLC grew its stake in Diodes by 8.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 815 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in Diodes in the 2nd quarter valued at $265,000. 73.74% of the stock is currently owned by hedge funds and other institutional investors.
DIOD has been the subject of a number of recent analyst reports. Cleveland Research lowered shares of Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub lowered shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Sidoti initiated coverage on shares of Diodes in a research report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.67.
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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