C H. Chen sells 50,000 shares of Diodes Incorporated (NASDAQ: DIOD)
Diodes Incorporated (NASDAQ: DIOD) Director C H. Chen sold 50,000 shares of the company in a trade on Tuesday, September 7. The stock was sold for an average price of $ 96.65, for a total value of $ 4,832,500.00. The transaction was disclosed in a file with the SEC, accessible through this hyperlink.
DIOD shares traded at $ 3.08 in the midday session on Wednesday, reaching $ 92.90. The company’s shares had a trading volume of 268,666 shares, compared to its average volume of 272,349. The stock has a market capitalization of $ 4.18 billion, a price-to-earnings ratio of 29.12 and a beta of 1.10. Diodes Incorporated has a one-year minimum of $ 46.47 and a one-year maximum of $ 98.88. The company has a quick ratio of 1.60, a current ratio of 2.27, and a debt ratio of 0.19. The Company’s fifty-day simple moving average is $ 85.06 and its two-hundred-day simple moving average is $ 80.54.
Diodes (NASDAQ: DIOD) last released its quarterly earnings data on Thursday, August 5. The semiconductor company reported earnings per share of $ 1.20 for the quarter, beating analyst consensus estimates of $ 1.12 by $ 0.08. The company posted revenue of $ 440.45 million for the quarter, compared to analysts’ estimates of $ 434.80 million. Diodes recorded a return on equity of 14.91% and a net margin of 10.02%. On average, research analysts predict that Diodes Incorporated will post 4.76 earnings per share for the current year.
Several large investors have recently bought and sold shares in the company. Morgan Stanley increased its stake in Diodes by 23.5% in the second quarter. Morgan Stanley now owns 230,215 shares of the semiconductor company valued at $ 18,365,000 after acquiring an additional 43,842 shares in the last quarter. Woodline Partners LP increased its stake in Diodes shares by 86.8% during the second quarter. Woodline Partners LP now owns 213,467 shares of the semiconductor company valued at $ 17,028,000 after purchasing an additional 99,196 shares during the last quarter. Zacks Investment Management purchased a new equity stake in Diodes during the second quarter valued at approximately $ 1,070,000. Zebra Capital Management LLC increased its stake in Diodes shares by 2.8% during the second quarter. Zebra Capital Management LLC now owns 9,193 shares of the semiconductor company valued at $ 733,000 after purchasing an additional 248 shares during the period. Finally, Invesco Ltd. increased its holdings of Diodes shares by 27.8% during the second quarter. Invesco Ltd. now owns 768,022 shares of the semiconductor company valued at $ 61,265,000 after purchasing an additional 166,876 shares during the period. Hedge funds and other institutional investors hold 91.05% of the company’s shares.
Several stock analysts recently published reports on the company. Cowen raised his diode price target from $ 100.00 to $ 110.00 and gave the company an “outperforming” rating in a research note on Friday August 6. Westpark Capital took charge of diode coverage in a research note on Tuesday, May 25. They issued a “buy” note on the title. One analyst rated the stock with a conservation rating and five gave the company’s stock a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $ 94.80.
Diodes, Inc. manufactures and supplies semiconductor products. It offers diodes, rectifiers, transistors, MOSFETs, protection devices, specific functional matrices, single gate, double gate and standard logic, amplifiers and comparators, Hall effect and temperature sensors. The company operates in the following geographic segments: Asia, North America and Europe.
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