Diodes Inc. (DIOD) Sees Unusually-High Trading Volume
Diodes Inc. (NASDAQ:DIOD) shares saw unusually-strong trading volume on Tuesday . Approximately 267,002 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 136,490 shares.The stock last traded at $17.33 and had previously closed at $18.10.
Several analysts recently weighed in on DIOD shares. Zacks Investment Research raised shares of Diodes from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 19th. Robert W. Baird reaffirmed a “buy” rating on shares of Diodes in a report on Friday, May 6th.
The firm has a 50 day moving average price of $18.99 and a 200-day moving average price of $19.28. The company has a market cap of $859.70 million and a P/E ratio of 79.42.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The company had revenue of $222.70 million for the quarter, compared to analyst estimates of $224.82 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. Equities analysts expect that Diodes Inc. will post $0.89 EPS for the current year.
In related news, CFO Richard Dallas White sold 12,000 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $17.95, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Keh Shew Lu sold 19,736 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $18.01, for a total transaction of $355,445.36. Following the sale, the chief executive officer now directly owns 1,731,720 shares of the company’s stock, valued at approximately $31,188,277.20. The disclosure for this sale can be found here.
Other hedge funds have bought and sold shares of the company. Victory Capital Management Inc. increased its stake in 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 during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Diodes by 11.7% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,503,788 shares of the company’s stock worth $80,517,000 after buying an additional 368,021 shares during the period. Hodges Capital Management Inc. increased its stake 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 during the period. Rhumbline Advisers increased its stake 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 during the period. Finally, 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 worth $1,210,000 after buying an additional 2,484 shares during the period.
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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