Diodes Incorporated (NASDAQ:DIOD) VP Shiao Kwang Edmund Tang sold 16,722 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $31.00, for a total value of $518,382.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shiao Kwang Edmund Tang also recently made the following trade(s):
- On Tuesday, October 3rd, Shiao Kwang Edmund Tang sold 27,877 shares of Diodes stock. The shares were sold at an average price of $30.29, for a total value of $844,394.33.
Shares of Diodes Incorporated (DIOD) traded up 2.49% during trading on Tuesday, hitting $31.70. The stock had a trading volume of 474,566 shares. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 60.04 and a beta of 1.26. The stock has a 50-day moving average of $28.39 and a 200 day moving average of $25.94. Diodes Incorporated has a 12-month low of $19.64 and a 12-month high of $31.95.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The company had revenue of $264.20 million during the quarter, compared to analysts’ expectations of $261.15 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. On average, analysts predict that Diodes Incorporated will post $1.28 earnings per share for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Diodes by 50,610.4% in the 1st quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock valued at $111,471,000 after purchasing an additional 4,625,794 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Diodes by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 3,356,058 shares of the semiconductor company’s stock valued at $80,713,000 after purchasing an additional 165,243 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Diodes by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,247,902 shares of the semiconductor company’s stock valued at $78,048,000 after purchasing an additional 261,522 shares in the last quarter. State Street Corp boosted its stake in shares of Diodes by 4.8% in the 2nd quarter. State Street Corp now owns 1,022,899 shares of the semiconductor company’s stock valued at $24,572,000 after purchasing an additional 46,506 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Diodes by 2.9% in the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock valued at $18,679,000 after purchasing an additional 21,697 shares in the last quarter. 73.74% of the stock is owned by institutional investors.
A number of equities analysts recently commented on the company. Sidoti assumed coverage on Diodes in a report on Thursday, September 21st. They set a “neutral” rating and a $32.00 target price for the company. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, August 11th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.67.
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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