Diodes Incorporated (NASDAQ:DIOD) major shareholder Semiconductor Corp Lite-On sold 30,000 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $26.72, for a total value of $801,600.00. Following the sale, the insider now owns 7,890,475 shares in the company, valued at approximately $210,833,492. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Semiconductor Corp Lite-On also recently made the following trade(s):
- On Wednesday, August 23rd, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The shares were sold at an average price of $26.62, for a total value of $532,400.00.
- On Tuesday, August 22nd, Semiconductor Corp Lite-On sold 21,193 shares of Diodes stock. The shares were sold at an average price of $26.51, for a total value of $561,826.43.
- On Friday, August 18th, Semiconductor Corp Lite-On sold 17,901 shares of Diodes stock. The shares were sold at an average price of $26.67, for a total value of $477,419.67.
- On Wednesday, August 16th, Semiconductor Corp Lite-On sold 116,209 shares of Diodes stock. The shares were sold at an average price of $26.95, for a total value of $3,131,832.55.
Diodes Incorporated (DIOD) traded down 1.00% during trading on Friday, hitting $26.63. The stock had a trading volume of 151,662 shares. The company has a market cap of $1.31 billion, a P/E ratio of 50.44 and a beta of 1.22. Diodes Incorporated has a one year low of $19.53 and a one year high of $27.51. The firm has a 50 day moving average of $26.25 and a 200-day moving average of $25.04.
Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The business had revenue of $264.20 million for the quarter, compared to analyst estimates of $261.15 million. During the same period last year, the company posted $0.20 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts anticipate that Diodes Incorporated will post $1.28 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Diodes by 50,610.4% in the first quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock valued at $111,471,000 after buying an additional 4,625,794 shares during the period. Vanguard Group Inc. raised its position in Diodes by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,356,058 shares of the semiconductor company’s stock valued at $80,713,000 after buying an additional 165,243 shares during the period. Dimensional Fund Advisors LP raised its position in Diodes by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,247,902 shares of the semiconductor company’s stock valued at $78,048,000 after buying an additional 261,522 shares during the period. State Street Corp raised its position in Diodes by 4.8% in the second quarter. State Street Corp now owns 1,022,899 shares of the semiconductor company’s stock valued at $24,572,000 after buying an additional 46,506 shares during the period. Finally, Northern Trust Corp raised its position in Diodes by 2.9% in the second quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock valued at $18,679,000 after buying an additional 21,697 shares during the period. 74.16% of the stock is currently owned by institutional investors.
Several equities analysts have commented on DIOD shares. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Diodes in a research report on Friday, June 9th. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Friday, May 12th. Finally, Cleveland Research downgraded Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Diodes has a consensus rating of “Hold” and an average target price of $30.00.
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.
Receive News & Ratings for Diodes Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.
