Diodes Incorporated (NASDAQ:DIOD) VP Francis Tang sold 17,854 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $47.65, for a total transaction of $850,743.10. Following the completion of the sale, the vice president now directly owns 90,806 shares of the company’s stock, valued at approximately $4,326,905.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Francis Tang also recently made the following trade(s):

  • On Wednesday, November 27th, Francis Tang sold 2,669 shares of Diodes stock. The shares were sold at an average price of $46.75, for a total transaction of $124,775.75.
  • On Friday, November 15th, Francis Tang sold 2,742 shares of Diodes stock. The shares were sold at an average price of $46.54, for a total transaction of $127,612.68.
  • On Tuesday, November 12th, Francis Tang sold 2,454 shares of Diodes stock. The shares were sold at an average price of $46.50, for a total transaction of $114,111.00.
  • On Thursday, November 7th, Francis Tang sold 70 shares of Diodes stock. The shares were sold at an average price of $46.75, for a total transaction of $3,272.50.

Shares of NASDAQ:DIOD traded up $0.47 during trading on Friday, reaching $50.70. 260,076 shares of the company’s stock traded hands, compared to its average volume of 397,334. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.56 and a quick ratio of 1.79. Diodes Incorporated has a 12 month low of $29.88 and a 12 month high of $51.14. The company has a 50 day moving average of $46.15 and a 200-day moving average of $39.78. The stock has a market capitalization of $2.59 billion, a P/E ratio of 21.30 and a beta of 1.27.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. Diodes had a net margin of 10.74% and a return on equity of 14.60%. The business had revenue of $323.67 million during the quarter, compared to the consensus estimate of $322.90 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts predict that Diodes Incorporated will post 2.9 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Congress Asset Management Co. MA bought a new position in Diodes in the 3rd quarter worth about $87,623,000. LSV Asset Management grew its position in Diodes by 10.8% in the 2nd quarter. LSV Asset Management now owns 1,664,300 shares of the semiconductor company’s stock worth $60,530,000 after purchasing an additional 162,838 shares during the last quarter. State Street Corp grew its position in Diodes by 2.1% in the 3rd quarter. State Street Corp now owns 1,483,533 shares of the semiconductor company’s stock worth $59,564,000 after purchasing an additional 31,043 shares during the last quarter. Bank of New York Mellon Corp grew its position in Diodes by 87.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,036,506 shares of the semiconductor company’s stock worth $37,698,000 after purchasing an additional 484,712 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Diodes by 18.1% in the 2nd quarter. Victory Capital Management Inc. now owns 879,037 shares of the semiconductor company’s stock worth $31,971,000 after purchasing an additional 134,740 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

A number of brokerages recently weighed in on DIOD. BidaskClub downgraded shares of Diodes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, November 7th. Finally, Wells Fargo & Co began coverage on shares of Diodes in a research report on Monday, August 19th. They set an “outperform” rating and a $55.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $53.00.

About Diodes

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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