Semiconductor Corp Lite-On Sells 30,000 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) major shareholder Semiconductor Corp Lite-On sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $27.28, for a total transaction of $818,400.00. Following the completion of the transaction, the insider now directly owns 7,869,291 shares of the company’s stock, valued at approximately $214,674,258.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Semiconductor Corp Lite-On also recently made the following trade(s):

  • On Wednesday, August 30th, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The stock was sold at an average price of $27.03, for a total transaction of $540,600.00.
  • On Friday, August 25th, Semiconductor Corp Lite-On sold 1,184 shares of Diodes stock. The shares were sold at an average price of $27.01, for a total transaction of $31,979.84.
  • On Wednesday, August 23rd, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The shares were sold at an average price of $26.62, for a total transaction of $532,400.00.
  • On Thursday, August 24th, Semiconductor Corp Lite-On sold 30,000 shares of Diodes stock. The stock was sold at an average price of $26.72, for a total transaction of $801,600.00.
  • On Tuesday, August 22nd, Semiconductor Corp Lite-On sold 21,193 shares of Diodes stock. The stock was sold at an average price of $26.51, for a total transaction of $561,826.43.
  • On Friday, August 18th, Semiconductor Corp Lite-On sold 17,901 shares of Diodes stock. The stock was sold at an average price of $26.67, for a total transaction of $477,419.67.
  • On Wednesday, August 16th, Semiconductor Corp Lite-On sold 116,209 shares of Diodes stock. The shares were sold at an average price of $26.95, for a total transaction of $3,131,832.55.

Diodes Incorporated (NASDAQ:DIOD) opened at 28.81 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 54.56 and a beta of 1.22. Diodes Incorporated has a 12 month low of $19.64 and a 12 month high of $28.88. The company’s 50-day moving average is $27.05 and its 200 day moving average is $25.30.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Diodes had a return on equity of 5.64% and a net margin of 2.68%. 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 business earned $0.20 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that Diodes Incorporated will post $1.28 earnings per share for the current year.

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Several analysts have issued reports on the stock. BidaskClub raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Diodes in a report on Friday, June 9th. Cleveland Research lowered shares of Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Finally, Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $30.00.

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Diodes by 27.7% during the first quarter. Bank of America Corp DE now owns 167,123 shares of the semiconductor company’s stock valued at $4,020,000 after purchasing an additional 36,263 shares in the last quarter. Morgan Stanley raised its position in shares of Diodes by 3.2% during the first quarter. Morgan Stanley now owns 175,221 shares of the semiconductor company’s stock worth $4,213,000 after acquiring an additional 5,464 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Diodes in the first quarter worth approximately $681,000. BlackRock Inc. increased its holdings in Diodes by 50,610.4% in the first quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock worth $111,471,000 after purchasing an additional 4,625,794 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Diodes in the second quarter worth approximately $4,078,000. 73.94% of the stock is currently owned by institutional investors and hedge funds.

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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