Diodes Incorporated (NASDAQ:DIOD) major shareholder Semiconductor Corp Lite-On sold 7,247 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $30.36, for a total transaction of $220,018.92. Following the transaction, the insider now owns 7,772,425 shares of the company’s stock, valued at approximately $235,970,823. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Semiconductor Corp Lite-On also recently made the following trade(s):

  • On Friday, November 24th, Semiconductor Corp Lite-On sold 18,000 shares of Diodes stock. The stock was sold at an average price of $31.39, for a total transaction of $565,020.00.
  • On Monday, November 27th, Semiconductor Corp Lite-On sold 28,734 shares of Diodes stock. The stock was sold at an average price of $31.35, for a total transaction of $900,810.90.
  • On Tuesday, November 21st, Semiconductor Corp Lite-On sold 26,153 shares of Diodes stock. The stock was sold at an average price of $31.19, for a total transaction of $815,712.07.
  • On Thursday, November 16th, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The stock was sold at an average price of $30.87, for a total transaction of $617,400.00.
  • On Friday, November 10th, Semiconductor Corp Lite-On sold 1,379 shares of Diodes stock. The stock was sold at an average price of $32.00, for a total transaction of $44,128.00.

Shares of Diodes Incorporated (NASDAQ DIOD) traded down $0.24 during midday trading on Friday, reaching $29.06. 228,482 shares of the company traded hands, compared to its average volume of 366,545. Diodes Incorporated has a one year low of $22.06 and a one year high of $35.36. The stock has a market cap of $1,447.13, a PE ratio of 26.64 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 3.12.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The company had revenue of $285.20 million during the quarter, compared to analysts’ expectations of $281.66 million. During the same quarter in the prior year, the company earned $0.30 EPS. Diodes’s revenue was up 13.8% compared to the same quarter last year. research analysts anticipate that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System grew its stake in Diodes by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 19,975 shares of the semiconductor company’s stock valued at $480,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Diodes by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the semiconductor company’s stock valued at $375,000 after acquiring an additional 100 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Diodes by 1.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,220 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 250 shares in the last quarter. Texas Permanent School Fund grew its stake in Diodes by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 27,901 shares of the semiconductor company’s stock valued at $670,000 after acquiring an additional 274 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Diodes by 10.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 800 shares in the last quarter. 74.72% of the stock is owned by institutional investors.

Several research firms recently weighed in on DIOD. Benchmark downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Robert W. Baird restated a “buy” rating and set a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research report on Tuesday, October 17th. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Sidoti began 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Diodes currently has an average rating of “Hold” and an average price target of $35.67.

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About Diodes

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.

Insider Buying and Selling by Quarter for Diodes (NASDAQ:DIOD)

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