Diodes (DIOD) Stock Price Up 2.4%

Diodes Incorporated (NASDAQ:DIOD) shot up 2.4% during mid-day trading on Thursday . The stock traded as high as $38.62 and last traded at $36.26. 10,434 shares changed hands during trading, a decline of 97% from the average session volume of 380,017 shares. The stock had previously closed at $35.42.

Several research firms have recently issued reports on DIOD. BidaskClub cut shares of Diodes from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. ValuEngine upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Sunday, October 14th. Zacks Investment Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.00.

The stock has a market cap of $1.56 billion, a PE ratio of 25.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 2.60.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.05. The firm had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $321.48 million. Diodes had a net margin of 3.75% and a return on equity of 12.16%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. As a group, equities analysts expect that Diodes Incorporated will post 2.17 earnings per share for the current fiscal year.

In related news, CEO Keh Shew Lu sold 48,248 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $38.32, for a total value of $1,848,863.36. Following the sale, the chief executive officer now owns 620,304 shares in the company, valued at $23,770,049.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Evan Yu sold 8,983 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $37.66, for a total transaction of $338,299.78. Following the completion of the sale, the vice president now owns 36,170 shares in the company, valued at approximately $1,362,162.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,147 shares of company stock worth $3,363,504. Company insiders own 6.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DIOD. Xact Kapitalforvaltning AB bought a new stake in Diodes in the first quarter worth $247,000. Principal Financial Group Inc. increased its position in Diodes by 1.4% in the first quarter. Principal Financial Group Inc. now owns 304,105 shares of the semiconductor company’s stock worth $9,263,000 after purchasing an additional 4,288 shares during the last quarter. Fisher Asset Management LLC bought a new stake in Diodes in the second quarter worth $8,311,000. Fox Run Management L.L.C. bought a new stake in Diodes in the second quarter worth $208,000. Finally, Amalgamated Bank bought a new stake in Diodes in the second quarter worth $205,000. Institutional investors own 75.96% of the company’s stock.

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About Diodes (NASDAQ:DIOD)

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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