Clemente Beltran Sells 500 Shares of Diodes Incorporated (DIOD) Stock

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.

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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