Insider Selling: Diodes Incorporated (DIOD) CEO Sells 17,486 Shares of Stock

Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 17,486 shares of Diodes stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $34.55, for a total transaction of $604,141.30. Following the completion of the transaction, the chief executive officer now owns 585,052 shares in the company, valued at approximately $20,213,546.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Keh Shew Lu also recently made the following trade(s):

  • On Monday, November 26th, Keh Shew Lu sold 28,000 shares of Diodes stock. The stock was sold at an average price of $33.60, for a total transaction of $940,800.00.

Diodes stock opened at $34.83 on Monday. Diodes Incorporated has a 52 week low of $26.09 and a 52 week high of $39.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.47 and a quick ratio of 1.64. The company has a market capitalization of $1.74 billion, a P/E ratio of 25.42 and a beta of 1.06.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. Diodes had a net margin of 3.75% and a return on equity of 11.99%. The firm had revenue of $320.90 million during the quarter, compared to analyst estimates of $321.48 million. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was up 12.5% on a year-over-year basis. Equities analysts forecast that Diodes Incorporated will post 2.35 EPS for the current year.

Several research analysts have issued reports on DIOD shares. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Sidoti raised shares of Diodes from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 19th. ValuEngine raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.75.

A number of institutional investors have recently bought and sold shares of the stock. Pettee Investors Inc. boosted its stake in Diodes by 7.4% in the 2nd quarter. Pettee Investors Inc. now owns 22,743 shares of the semiconductor company’s stock worth $784,000 after purchasing an additional 1,568 shares during the period. Meadow Creek Investment Management LLC boosted its stake in shares of Diodes by 31.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 1,708 shares during the period. James Investment Research Inc. boosted its stake in shares of Diodes by 2.9% during the 3rd quarter. James Investment Research Inc. now owns 67,340 shares of the semiconductor company’s stock valued at $2,242,000 after buying an additional 1,915 shares during the period. United Services Automobile Association boosted its stake in shares of Diodes by 0.8% during the 2nd quarter. United Services Automobile Association now owns 263,176 shares of the semiconductor company’s stock valued at $9,072,000 after buying an additional 2,139 shares during the period. Finally, Smith Asset Management Group LP boosted its stake in shares of Diodes by 3.6% during the 3rd quarter. Smith Asset Management Group LP now owns 64,850 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 2,280 shares during the period. 78.44% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Diodes Incorporated (DIOD) CEO Sells 17,486 Shares of Stock” was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.com-unik.info/2018/12/03/insider-selling-diodes-incorporated-diod-ceo-sells-17486-shares-of-stock.html.

About Diodes

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

Further Reading: Do Tariffs Work?

Insider Buying and Selling by Quarter for Diodes (NASDAQ:DIOD)

Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit