Diodes Inc. (DIOD) Trading Up 3.3%
Diodes Inc. (NASDAQ:DIOD)’s share price was up 3.3% during trading on Monday . The company traded as high as $18.40 and last traded at $18.31, with a volume of 90,202 shares traded. The stock had previously closed at $17.73.
A number of equities analysts have recently commented on DIOD shares. Zacks Investment Research raised Diodes from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Robert W. Baird reissued a “buy” rating on shares of Diodes in a research report on Friday, May 6th.
The firm has a 50 day moving average price of $19.03 and a 200-day moving average price of $19.15. The company has a market cap of $884.35 million and a P/E ratio of 81.70.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business earned $222.70 million during the quarter, compared to analyst estimates of $224.82 million. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. Equities analysts expect that Diodes Inc. will post $0.89 EPS for the current year.
In other news, CEO Keh Shew Lu sold 19,736 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,731,720 shares in the company, valued at approximately $31,188,277.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard Dallas White sold 12,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 106,805 shares of the company’s stock, valued at $1,917,149.75. The disclosure for this sale can be found here.
Several hedge funds have recently added to or reduced their stakes in DIOD. 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 last quarter. 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 last quarter. California State Teachers Retirement System increased its stake in Diodes by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 69,520 shares of the company’s stock worth $1,598,000 after buying an additional 1,246 shares during the last quarter. 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 last quarter. Finally, 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 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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