Diodes Incorporated (DIOD) VP Clemente Beltran Sells 17,688 Shares of Stock
Diodes Incorporated (NASDAQ:DIOD) VP Clemente Beltran sold 17,688 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $30.00, for a total transaction of $530,640.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Diodes Incorporated (NASDAQ DIOD) traded down 0.39% during mid-day trading on Thursday, reaching $30.81. 159,135 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $28.04 and its 200 day moving average price is $25.77. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 58.35 and a beta of 1.26. Diodes Incorporated has a one year low of $19.64 and a one year high of $31.00.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The business had revenue of $264.20 million during the quarter, compared to analysts’ expectations of $261.15 million. During the same period last year, the company posted $0.20 EPS. The business’s revenue was up 11.8% on a year-over-year basis. On average, equities analysts forecast that Diodes Incorporated will post $1.28 EPS for the current year.
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Large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Diodes by 27.7% in the 1st quarter. Bank of America Corp DE now owns 167,123 shares of the semiconductor company’s stock worth $4,020,000 after buying an additional 36,263 shares in the last quarter. AJO LP purchased a new position in shares of Diodes during the 2nd quarter worth about $1,044,000. Capital Fund Management S.A. purchased a new position in shares of Diodes during the 2nd quarter worth about $718,000. Russell Investments Group Ltd. boosted its stake in shares of Diodes by 75.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,043 shares of the semiconductor company’s stock worth $1,467,000 after purchasing an additional 26,306 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Diodes by 3.2% during the 1st quarter. Morgan Stanley now owns 175,221 shares of the semiconductor company’s stock worth $4,213,000 after purchasing an additional 5,464 shares during the period. 73.74% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on DIOD shares. 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 report on Friday, August 11th. Sidoti started coverage on shares of Diodes in a research report on Thursday, September 21st. They set a “neutral” rating and a $32.00 price target for the company. Cleveland Research lowered shares of Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. BidaskClub lowered shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Finally, Robert W. Baird restated an “outperform” rating and set a $30.00 price target 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 issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.67.
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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