Diodes Incorporated (NASDAQ:DIOD)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $31.35 and last traded at $31.34, with a volume of 190,250 shares trading hands. The stock had previously closed at $30.93.
DIOD has been the subject of a number of analyst reports. Cleveland Research lowered shares of Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Sidoti initiated coverage on shares of Diodes in a research report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.67.
The company’s 50-day moving average price is $28.70 and its 200-day moving average price is $26.04. The stock has a market capitalization of $1.57 billion, a P/E ratio of 60.68 and a beta of 1.26.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $261.15 million. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts predict that Diodes Incorporated will post $1.28 EPS for the current fiscal year.
In other news, CFO Richard Dallas White sold 14,752 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $30.01, for a total transaction of $442,707.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keh Shew Lu sold 69,983 shares of the stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $31.20, for a total value of $2,183,469.60. The disclosure for this sale can be found here. Insiders sold a total of 604,859 shares of company stock valued at $17,395,650 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Diodes by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock valued at $181,000 after acquiring an additional 3,332 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Diodes by 10.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 800 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Diodes by 5.7% during the 1st quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock valued at $215,000 after acquiring an additional 481 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in shares of Diodes by 8.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 815 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of Diodes during the 2nd quarter valued at approximately $265,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.
Diodes Company Profile
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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