Insider Selling: Diodes Incorporated (DIOD) CEO Sells $2,183,469.60 in Stock

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.

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.

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

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