Diodes Incorporated (NASDAQ:DIOD) insider Richard Dallas White sold 23,500 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $49.34, for a total transaction of $1,159,490.00. Following the completion of the transaction, the insider now owns 88,806 shares of the company’s stock, valued at approximately $4,381,688.04. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Richard Dallas White also recently made the following trade(s):
- On Tuesday, November 26th, Richard Dallas White sold 25,259 shares of Diodes stock. The shares were sold at an average price of $46.28, for a total transaction of $1,168,986.52.
Shares of Diodes stock traded up $0.47 during mid-day trading on Friday, reaching $50.70. 260,076 shares of the stock were exchanged, compared to its average volume of 397,334. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 21.30 and a beta of 1.27. The company has a current ratio of 2.56, a quick ratio of 1.79 and a debt-to-equity ratio of 0.08. The firm has a 50-day simple moving average of $46.15 and a 200 day simple moving average of $39.78. Diodes Incorporated has a fifty-two week low of $29.88 and a fifty-two week high of $51.14.
Diodes (NASDAQ:DIOD) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $323.67 million during the quarter, compared to analysts’ expectations of $322.90 million. Diodes had a net margin of 10.74% and a return on equity of 14.60%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. On average, research analysts predict that Diodes Incorporated will post 2.9 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Thursday, November 7th. Wells Fargo & Co assumed coverage on shares of Diodes in a research report on Monday, August 19th. They set an “outperform” rating and a $55.00 target price for the company. Finally, BidaskClub cut shares of Diodes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Diodes currently has an average rating of “Buy” and a consensus target price of $53.00.
Several institutional investors have recently made changes to their positions in DIOD. First Trust Advisors LP increased its position in shares of Diodes by 91.2% during the 1st quarter. First Trust Advisors LP now owns 110,769 shares of the semiconductor company’s stock worth $3,844,000 after purchasing an additional 52,849 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Diodes in the 2nd quarter valued at about $258,000. Los Angeles Capital Management & Equity Research Inc. increased its position in Diodes by 23.1% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 97,375 shares of the semiconductor company’s stock valued at $3,542,000 after acquiring an additional 18,290 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Diodes by 58.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 1,186 shares in the last quarter. Finally, Dupont Capital Management Corp increased its position in Diodes by 370.4% in the 2nd quarter. Dupont Capital Management Corp now owns 61,198 shares of the semiconductor company’s stock valued at $2,226,000 after acquiring an additional 48,187 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.
Diodes Company Profile
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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