Diodes Incorporated (NASDAQ:DIOD) SVP Mark A. King sold 7,967 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $26.55, for a total transaction of $211,523.85. Following the transaction, the senior vice president now owns 100,158 shares in the company, valued at approximately $2,659,194.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Diodes Incorporated (NASDAQ:DIOD) traded up 2.12% on Friday, hitting $25.99. 92,975 shares of the stock traded hands. The firm’s 50 day moving average is $23.91 and its 200 day moving average is $24.34. The firm has a market capitalization of $1.26 billion, a PE ratio of 69.12 and a beta of 1.16. Diodes Incorporated has a 52 week low of $16.75 and a 52 week high of $27.50.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. The business had revenue of $236.30 million for the quarter, compared to analyst estimates of $231.03 million. Diodes had a net margin of 1.66% and a return on equity of 4.44%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. On average, analysts expect that Diodes Incorporated will post $1.12 EPS for the current fiscal year.
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Several research analysts have recently commented on DIOD shares. Robert W. Baird increased their price target on shares of Diodes from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 15th. Zacks Investment Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 31st. Finally, Summit Redstone restated a “sell” rating on shares of Diodes in a research note on Saturday, January 21st.
Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in shares of Diodes by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock worth $101,000 after buying an additional 40 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Diodes by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,452 shares of the semiconductor company’s stock worth $166,000 after buying an additional 198 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Diodes by 5.7% in the first quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock worth $215,000 after buying an additional 481 shares during the last quarter. RBF Capital LLC purchased a new position in shares of Diodes during the third quarter worth $222,000. Finally, Airain ltd purchased a new position in shares of Diodes during the first quarter worth $247,000. 75.07% of the stock is currently owned by institutional investors and hedge funds.
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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