Diodes Incorporated (NASDAQ:DIOD) VP Clemente Beltran sold 809 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $23.81, for a total value of $19,262.29. Following the transaction, the vice president now owns 25,775 shares in the company, valued at approximately $613,702.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Diodes Incorporated (NASDAQ DIOD) traded up 1.47% during trading on Monday, hitting $24.91. The stock had a trading volume of 161,855 shares. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 66.25 and a beta of 1.20. Diodes Incorporated has a 12 month low of $17.71 and a 12 month high of $27.50. The company’s 50 day moving average price is $25.71 and its 200 day moving average price is $24.92.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.09. Diodes had a return on equity of 4.72% and a net margin of 1.98%. The company had revenue of $236.30 million for the quarter, compared to the consensus estimate of $231.03 million. During the same quarter in the prior year, the business earned $0.12 EPS. Diodes’s revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that Diodes Incorporated will post $1.16 earnings per share for the current fiscal year.
Several brokerages have recently commented on DIOD. BidaskClub lowered Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Robert W. Baird restated an “outperform” rating and set a $30.00 price target on shares of Diodes in a research note on Friday, June 9th. Finally, Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $29.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in 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 valued at $101,000 after buying an additional 40 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Diodes by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,452 shares of the semiconductor company’s stock valued at $166,000 after buying an additional 198 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Diodes by 10.1% in the first quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after buying an additional 800 shares in the last quarter. Mason Street Advisors LLC boosted its position in Diodes by 5.7% in the first quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 481 shares in the last quarter. Finally, Airain ltd acquired a new position in Diodes during the first quarter valued at about $247,000. 75.15% of the stock is 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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285899/clemente-beltran-sells-809-shares-of-diodes-incorporated-nasdaqdiod-stock.html
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.