Diodes Inc. (DIOD) Stock Price Up 2.2%
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.
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