Diodes Incorporated (DIOD) CFO Richard Dallas White Sells 14,752 Shares of Stock
Diodes Incorporated (NASDAQ:DIOD) CFO Richard Dallas White sold 14,752 shares of Diodes stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $30.01, for a total transaction of $442,707.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Diodes Incorporated (DIOD) traded down 0.39% during mid-day trading on Thursday, hitting $30.81. 159,135 shares of the stock traded hands. The stock has a 50-day moving average of $28.04 and a 200 day moving average of $25.77. Diodes Incorporated has a one year low of $19.64 and a one year high of $31.00. The stock has a market cap of $1.51 billion, a PE ratio of 58.35 and a beta of 1.26.
Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $264.20 million during the quarter, compared to analysts’ expectations of $261.15 million. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Equities analysts predict that Diodes Incorporated will post $1.28 EPS for the current fiscal year.
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A number of research analysts recently issued reports on the stock. Sidoti assumed coverage on shares of Diodes in a research note on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price target for the company. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, August 11th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Cleveland Research downgraded shares of Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Finally, Robert W. Baird restated an “outperform” rating and set a $30.00 price objective on shares of Diodes in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Diodes has an average rating of “Hold” and a consensus price target of $30.67.
Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of Diodes by 58.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 20,950 shares of the semiconductor company’s stock valued at $504,000 after buying an additional 7,714 shares during the last quarter. Sterling Capital Management LLC purchased a new position in shares of Diodes during the 2nd quarter valued at approximately $851,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Diodes by 324.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 125,700 shares of the semiconductor company’s stock valued at $3,021,000 after buying an additional 96,100 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Diodes during the 2nd quarter valued at approximately $587,000. Finally, State Street Corp boosted its stake in shares of Diodes by 4.8% during the 2nd quarter. State Street Corp now owns 1,022,899 shares of the semiconductor company’s stock valued at $24,572,000 after buying an additional 46,506 shares during the last quarter. Institutional investors own 73.74% of the company’s stock.
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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