Diodes Inc. (DIOD) Stock Price Up 2.4%
Diodes Inc. (NASDAQ:DIOD) rose 2.4% during trading on Wednesday . The stock traded as high as $19.25 and last traded at $19.01, with a volume of 474,436 shares. The stock had previously closed at $18.57.
DIOD has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 5th. Robert W. Baird reissued a “buy” rating on shares of Diodes in a report on Friday, May 6th.
The stock has a 50 day moving average of $18.48 and a 200 day moving average of $18.80. The firm has a market cap of $923.01 million and a P/E ratio of 85.27.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. During the same period in the previous year, the company posted $0.34 earnings per share. The firm earned $236.60 million during the quarter, compared to analyst estimates of $234.92 million. Diodes’s revenue was up 7.8% compared to the same quarter last year. Equities analysts forecast that Diodes Inc. will post $0.90 earnings per share for the current year.
In other news, CFO Richard Dallas White sold 2,750 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $16.92, for a total value of $46,530.00. Following the completion of the sale, the chief financial officer now directly owns 92,055 shares of the company’s stock, valued at $1,557,570.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Keh Shew Lu sold 19,736 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $18.01, for a total value of $355,445.36. Following the completion of the sale, the chief executive officer now directly owns 1,731,720 shares of the company’s stock, valued at $31,188,277.20. The disclosure for this sale can be found here.
Other large investors have recently bought and sold shares of the company. Russell Frank Co increased its stake in Diodes by 5.0% in the fourth quarter. Russell Frank Co now owns 52,524 shares of the company’s stock valued at $1,210,000 after buying an additional 2,484 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Diodes by 4.3% in the fourth quarter. Rhumbline Advisers now owns 61,137 shares of the company’s stock valued at $1,405,000 after buying an additional 2,505 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its stake in shares of Diodes by 0.3% in the fourth quarter. Hodges Capital Management Inc. now owns 1,043,986 shares of the company’s stock valued at $23,991,000 after buying an additional 3,160 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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