Diodes Inc. (DIOD) Sees Strong Trading Volume
Diodes Inc. (NASDAQ:DIOD) saw strong trading volume on Tuesday . 160,114 shares were traded during mid-day 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.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. Robert W. Baird restated a “buy” rating on shares of Diodes in a report on Friday, May 6th.
The firm’s 50-day moving average price is $18.80 and its 200-day moving average price is $18.87. The firm has a market cap of $969.41 million and a price-to-earnings ratio of 461.86.
Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The company earned $236.60 million during the quarter, compared to analyst estimates of $234.92 million. During the same quarter last year, the company earned $0.34 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts forecast 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 business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $16.95, for a total value of $152,024.55. Following the sale, the chief executive officer now owns 1,703,541 shares of the company’s stock, valued at $28,875,019.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Dallas White sold 2,750 shares of the business’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $16.92, for a total transaction of $46,530.00. Following the completion of the sale, the chief financial officer now directly 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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