Diodes Incorporated (NASDAQ:DIOD) VP Clemente Beltran sold 1,858 shares of Diodes stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $41.61, for a total transaction of $77,311.38. Following the completion of the transaction, the vice president now directly owns 24,867 shares of the company’s stock, valued at $1,034,715.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of NASDAQ DIOD traded down $1.47 during midday trading on Tuesday, reaching $40.61. The company’s stock had a trading volume of 408,457 shares, compared to its average volume of 407,562. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.47 and a quick ratio of 1.64. Diodes Incorporated has a one year low of $27.38 and a one year high of $42.61. The company has a market capitalization of $2.11 billion, a P/E ratio of 17.06 and a beta of 1.04.
Diodes (NASDAQ:DIOD) last released its earnings results on Wednesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Diodes had a net margin of 8.57% and a return on equity of 13.06%. The business had revenue of $314.40 million for the quarter, compared to the consensus estimate of $313.21 million. During the same period in the previous year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, analysts anticipate that Diodes Incorporated will post 2.5 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors Inc. raised its holdings in shares of Diodes by 3.6% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 9,450 shares of the semiconductor company’s stock worth $305,000 after purchasing an additional 326 shares in the last quarter. Comerica Bank raised its holdings in shares of Diodes by 0.9% during the fourth quarter. Comerica Bank now owns 38,885 shares of the semiconductor company’s stock valued at $1,254,000 after acquiring an additional 358 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Diodes by 4.1% during the fourth quarter. State of Alaska Department of Revenue now owns 13,267 shares of the semiconductor company’s stock valued at $427,000 after acquiring an additional 525 shares during the period. Stone Ridge Asset Management LLC raised its holdings in shares of Diodes by 3.1% during the fourth quarter. Stone Ridge Asset Management LLC now owns 22,569 shares of the semiconductor company’s stock valued at $728,000 after acquiring an additional 688 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Diodes during the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 80.81% of the company’s stock.
DIOD has been the subject of several research reports. Robert W. Baird reaffirmed a “buy” rating on shares of Diodes in a report on Friday, January 11th. BidaskClub raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, ValuEngine raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $40.33.
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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 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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