John M. Stich Sells 2,200 Shares of Diodes Inc. (DIOD) Stock
Diodes Inc. (NASDAQ:DIOD) Director John M. Stich sold 2,200 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $24.00, for a total value of $52,800.00. Following the sale, the director now directly owns 35,700 shares in the company, valued at $856,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Diodes Inc. (NASDAQ:DIOD) opened at 23.98 on Wednesday. The company’s 50-day moving average price is $21.40 and its 200 day moving average price is $19.93. Diodes Inc. has a 52-week low of $16.58 and a 52-week high of $25.20. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 118.71 and a beta of 1.22.
Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The business had revenue of $250.70 million for the quarter, compared to analyst estimates of $250.75 million. Diodes had a return on equity of 4.44% and a net margin of 1.66%. Diodes’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS. Equities analysts predict that Diodes Inc. will post $0.87 earnings per share for the current fiscal year.
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A number of equities research analysts have recently issued reports on DIOD shares. Zacks Investment Research lowered Diodes from a “hold” rating to a “sell” rating in a research report on Thursday, November 10th. Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 target price on shares of Diodes in a research report on Friday, November 11th. Finally, TheStreet raised Diodes from a “hold” rating to a “buy” rating in a research report on Monday.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in shares of Diodes by 20.1% in the second quarter. Teacher Retirement System of Texas now owns 5,721 shares of the company’s stock worth $107,000 after buying an additional 958 shares during the last quarter. Mason Street Advisors LLC purchased a new position in shares of Diodes during the second quarter worth approximately $142,000. SG Americas Securities LLC purchased a new position in shares of Diodes during the third quarter worth approximately $168,000. BlackRock Inc. raised its position in shares of Diodes by 271.9% in the second quarter. BlackRock Inc. now owns 9,093 shares of the company’s stock worth $171,000 after buying an additional 6,648 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in shares of Diodes during the third quarter worth approximately $203,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.
Diodes Incorporated is a global 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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