Shares of Diodes Inc. (NASDAQ:DIOD) rose 2.2% on Thursday . The company traded as high as $20.15 and last traded at $20.15, with a volume of 226,654 shares changing hands. The stock had previously closed at $19.71.

DIOD has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 5th. Robert W. Baird reissued a “buy” rating on shares of Diodes in a research report on Friday, May 6th.

The stock has a 50-day moving average price of $18.88 and a 200-day moving average price of $18.88. The firm has a market cap of $983.56 million and a PE ratio of 468.60.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.20. The business had revenue of $236.60 million for the quarter, compared to the consensus estimate of $234.92 million. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 EPS. On average, equities analysts anticipate that Diodes Inc. will post $0.86 earnings per share for the current fiscal year.

In related news, CEO Keh Shew Lu sold 19,736 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was 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 owns 1,731,720 shares in the company, valued at approximately $31,188,277.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Dallas White sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $17.95, for a total value of $215,400.00. Following the completion of the sale, the chief financial officer now owns 106,805 shares of the company’s stock, valued at approximately $1,917,149.75. The disclosure for this sale can be found here.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.