Diodes Inc. (DIOD) Trading Up 2.2%
Diodes Inc. (NASDAQ:DIOD) was up 2.2% during trading on Thursday . The company traded as high as $20.15 and last traded at $20.15, with a volume of 226,654 shares. The stock had previously closed at $19.71.
A number of equities research analysts recently commented on DIOD shares. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Tuesday, July 5th. Robert W. Baird reaffirmed a “buy” rating on shares of Diodes in a report on Friday, May 6th.
The firm’s 50-day moving average price is $18.95 and its 200-day moving average price is $18.90. The firm has a market capitalization of $988.44 million and a price-to-earnings ratio of 470.93.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The business earned $236.60 million during the quarter, compared to analysts’ expectations of $234.92 million. Diodes’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. Equities research analysts predict that Diodes Inc. will post $0.86 earnings per share for the current fiscal year.
In other news, CEO Keh Shew Lu sold 8,969 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $16.95, for a total transaction of $152,024.55. Following the sale, the chief executive officer now owns 1,703,541 shares in the company, valued at $28,875,019.95. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Richard Dallas White sold 2,750 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $16.92, for a total transaction of $46,530.00. Following the sale, the chief financial officer now owns 92,055 shares in the company, valued at approximately $1,557,570.60. 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.
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