Diodes Incorporated (NASDAQ:DIOD) VP Clemente Beltran sold 500 shares of the stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $32.00, for a total transaction of $16,000.00. Following the transaction, the vice president now owns 26,506 shares in the company, valued at approximately $848,192. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Clemente Beltran also recently made the following trade(s):
- On Thursday, October 5th, Clemente Beltran sold 6,581 shares of Diodes stock. The stock was sold at an average price of $31.00, for a total transaction of $204,011.00.
- On Monday, October 2nd, Clemente Beltran sold 17,688 shares of Diodes stock. The stock was sold at an average price of $30.00, for a total transaction of $530,640.00.
Shares of Diodes Incorporated (NASDAQ:DIOD) traded up 1.44% on Friday, hitting $32.36. 17,256 shares of the stock traded hands. The firm has a market capitalization of $1.59 billion, a PE ratio of 61.29 and a beta of 1.26. Diodes Incorporated has a 52 week low of $19.64 and a 52 week high of $32.36. The firm’s 50 day moving average is $28.85 and its 200 day moving average is $26.08.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The firm had revenue of $264.20 million for the quarter, compared to analyst estimates of $261.15 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that Diodes Incorporated will post $1.28 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of 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 purchasing an additional 4,625,794 shares during the last quarter. Numeric Investors LLC increased its holdings in shares of Diodes by 3,432.0% in the second quarter. Numeric Investors LLC now owns 342,600 shares of the semiconductor company’s stock valued at $8,233,000 after purchasing an additional 332,900 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 261,522 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Diodes in the second quarter valued at $4,078,000. Finally, Martingale Asset Management L P acquired a new position in shares of Diodes in the second quarter valued at $3,985,000. 73.74% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of 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 lowered shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Sidoti assumed coverage on shares of Diodes in a research note on Thursday, September 21st. They set a “neutral” rating and a $32.00 price target on the stock. Finally, Cleveland Research lowered shares of Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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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