Diodes Incorporated (NASDAQ:DIOD) SVP Mark A. King sold 10,000 shares of Diodes stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $31.79, for a total transaction of $317,900.00. Following the sale, the senior vice president now directly owns 69,888 shares in the company, valued at approximately $2,221,739.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Diodes Incorporated (DIOD) opened at $28.21 on Friday. The stock has a market capitalization of $1,406.63, a P/E ratio of 25.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.18. Diodes Incorporated has a 12-month low of $22.06 and a 12-month high of $35.36.
Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $285.20 million for the quarter, compared to analyst estimates of $281.66 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. equities research analysts expect that Diodes Incorporated will post 1.35 EPS for the current year.
Several research firms have recently commented on DIOD. BidaskClub lowered shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine lowered shares of Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Benchmark lowered shares of Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 17th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.67.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC raised its position in Diodes by 6.3% in the second quarter. Teachers Advisors LLC now owns 68,337 shares of the semiconductor company’s stock valued at $1,642,000 after purchasing an additional 4,030 shares during the period. Prudential Financial Inc. raised its position in Diodes by 30.8% in the third quarter. Prudential Financial Inc. now owns 203,186 shares of the semiconductor company’s stock valued at $6,081,000 after purchasing an additional 47,840 shares during the period. Northern Trust Corp raised its position in Diodes by 2.9% in the second 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 during the period. AJO LP purchased a new stake in Diodes in the second quarter valued at approximately $1,044,000. Finally, Russell Investments Group Ltd. raised its position in Diodes by 75.7% in the second quarter. Russell Investments Group Ltd. now owns 61,043 shares of the semiconductor company’s stock valued at $1,467,000 after purchasing an additional 26,306 shares during the period. 74.74% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Diodes Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.