Insider Selling: Diodes Incorporated (DIOD) Major Shareholder Sells $44,128.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) major shareholder Semiconductor Corp Lite-On sold 1,379 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $32.00, for a total value of $44,128.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 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 value of $617,400.00.
  • On Wednesday, August 30th, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The shares were sold at an average price of $27.03, for a total value of $540,600.00.
  • On Thursday, August 31st, Semiconductor Corp Lite-On sold 30,000 shares of Diodes stock. The shares were sold at an average price of $27.28, for a total value of $818,400.00.
  • On Friday, August 25th, Semiconductor Corp Lite-On sold 1,184 shares of Diodes stock. The shares were sold at an average price of $27.01, for a total value of $31,979.84.
  • 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 Thursday, August 24th, Semiconductor Corp Lite-On sold 30,000 shares of Diodes stock. The shares were sold at an average price of $26.72, for a total value of $801,600.00.
  • 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 stock was 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 stock was sold at an average price of $26.95, for a total value of $3,131,832.55.

Shares of Diodes Incorporated (DIOD) traded up $0.94 during trading on Friday, hitting $31.40. The stock had a trading volume of 299,400 shares, compared to its average volume of 241,100. Diodes Incorporated has a fifty-two week low of $22.06 and a fifty-two week high of $35.36. The stock has a market capitalization of $1,504.42, a P/E ratio of 27.69 and a beta of 1.23. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The firm had revenue of $285.20 million for the quarter, compared to analysts’ expectations of $281.66 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. analysts forecast that Diodes Incorporated will post 1.35 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Diodes in the third quarter worth about $167,000. Crossmark Global Holdings Inc. bought a new stake in Diodes during the third quarter worth approximately $206,000. State of Alaska Department of Revenue increased its stake in Diodes by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 3,332 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Diodes during the third quarter worth approximately $250,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Diodes by 10.1% during the first quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after buying an additional 800 shares during the period. 72.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on DIOD. ValuEngine lowered Diodes from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird reissued a “buy” rating and issued a $37.00 target price on shares of Diodes in a report on Tuesday, October 17th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, August 11th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Benchmark Co. downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.67.

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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