Diodes Inc. (DIOD) Sees Strong Trading Volume
Shares of Diodes Inc. (NASDAQ:DIOD) saw an uptick in trading volume on Tuesday . 160,114 shares were traded during trading, a decline of 7% from the previous session’s volume of 172,036 shares.The stock last traded at $19.70 and had previously closed at $19.74.
Several research firms have recently issued reports on DIOD. Robert W. Baird reiterated a “buy” rating on shares of Diodes in a research report on Friday, May 6th. Zacks Investment Research upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th.
The firm has a 50 day moving average of $18.73 and a 200 day moving average of $18.87. The firm has a market cap of $963.55 million and a P/E ratio of 459.07.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm earned $236.60 million during the quarter, compared to analyst estimates of $234.92 million. During the same period in the prior year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Diodes Inc. will post $0.86 EPS for the current fiscal year.
In related news, CFO Richard Dallas White sold 2,750 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 92,055 shares of the company’s stock, valued at approximately $1,557,570.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark A. King sold 10,000 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $17.95, for a total value of $179,500.00. Following the completion of the transaction, the senior vice president now directly owns 78,770 shares of the company’s stock, valued at $1,413,921.50. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Diodes stock. Rhumbline Advisers boosted its stake in shares of Diodes Inc. (NASDAQ:DIOD) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,137 shares of the company’s stock after buying an additional 2,505 shares during the period. Rhumbline Advisers owned approximately 0.13% of Diodes worth $1,405,000 as of its most recent filing with the SEC.
Diodes Incorporated is a global 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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