Diodes Incorporated (NASDAQ:DIOD – Get Free Report) CTO Francis Tang sold 3,643 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $108.00, for a total value of $393,444.00. Following the completion of the sale, the chief technology officer owned 95,905 shares of the company’s stock, valued at $10,357,740. This trade represents a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Diodes Stock Down 3.5%
Diodes stock opened at $100.04 on Friday. The stock has a market capitalization of $4.60 billion, a PE ratio of 54.37 and a beta of 1.93. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The business has a 50 day simple moving average of $83.71 and a 200-day simple moving average of $65.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97.
Diodes (NASDAQ:DIOD – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. During the same period in the previous year, the business earned $0.19 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. On average, analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Diodes
Institutional Trading of Diodes
Several large investors have recently added to or reduced their stakes in DIOD. Arrowstreet Capital Limited Partnership purchased a new stake in Diodes in the 3rd quarter valued at $37,519,000. Victory Capital Management Inc. grew its holdings in Diodes by 901.2% in the 4th quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock valued at $25,145,000 after buying an additional 458,727 shares in the last quarter. Bessemer Group Inc. grew its holdings in Diodes by 178,733.7% in the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after buying an additional 366,404 shares in the last quarter. Invesco Ltd. grew its holdings in Diodes by 183.0% in the 3rd quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock valued at $27,617,000 after buying an additional 335,644 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Diodes by 132.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock valued at $21,267,000 after buying an additional 228,976 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
About Diodes
Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.
Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.
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