Diodes Inc. (DIOD) Shares Gap Up to $18.78
Diodes Inc. (NASDAQ:DIOD)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $18.65, but opened at $18.78. Diodes shares last traded at $19.13, with a volume of 60,549 shares traded.
A number of research firms have recently commented on DIOD. Robert W. Baird reissued a “buy” rating on shares of Diodes in a report on Friday, May 6th. Zacks Investment Research raised Diodes from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th.
The firm has a 50 day moving average price of $18.87 and a 200 day moving average price of $18.89. The stock has a market cap of $925.42 million and a price-to-earnings ratio of 85.49.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. During the same period last year, the company earned $0.26 earnings per share. The firm earned $222.70 million during the quarter, compared to analysts’ expectations of $224.82 million. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts forecast that Diodes Inc. will post $0.89 earnings per share for the current fiscal year.
In other Diodes news, CEO Keh Shew Lu sold 19,736 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $18.01, for a total value of $355,445.36. Following the transaction, the chief executive officer now directly owns 1,731,720 shares in the company, valued at approximately $31,188,277.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark A. King sold 10,000 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $17.95, for a total transaction of $179,500.00. Following the completion of the transaction, the senior vice president now owns 78,770 shares in the company, valued at $1,413,921.50. The disclosure for this sale can be found here.
A number of institutional investors recently modified their holdings of DIOD. Victory Capital Management Inc. increased its position in shares of Diodes by 77.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,007,415 shares of the company’s stock worth $46,130,000 after buying an additional 877,711 shares in the last quarter. Hodges Capital Management Inc. increased its position in Diodes by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 1,043,986 shares of the company’s stock worth $23,991,000 after buying an additional 3,160 shares in the last quarter. Rhumbline Advisers increased its position in Diodes by 4.3% in the fourth quarter. Rhumbline Advisers now owns 61,137 shares of the company’s stock worth $1,405,000 after buying an additional 2,505 shares in the last quarter. Russell Frank Co increased its position in Diodes by 5.0% in the fourth quarter. Russell Frank Co now owns 52,524 shares of the company’s stock worth $1,210,000 after buying an additional 2,484 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Diodes by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 69,520 shares of the company’s stock worth $1,598,000 after buying an additional 1,246 shares in the last quarter.
Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic and analog 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 transistor (MOSFETs), protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, hall-effect and temperature sensors, power management devices, including light-emitting diode (LED) drivers, alternating current-direct current (AC-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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