Key Points
- Director sold 6,000 shares on Nov. 12 at an average price of $47.42 for a total of $284,520, reducing his stake by 2.4% to 244,397 shares valued at about $11.59 million.
- Diodes shares traded down to $44.76 (down ~0.5%) with a market cap of $2.08 billion and a P/E of 32.67, trading within a one-year range of $32.93–$67.40.
- Several brokers recently cut ratings (many to Hold or Sell) and the stock has a MarketBeat consensus rating of "Hold" with a $54.33 target, while institutional ownership sits at about 99.23% and firms like Invesco materially increased positions.
Diodes Incorporated (NASDAQ:DIOD - Get Free Report) Director Keh Shew Lu sold 6,000 shares of the company's stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the transaction, the director directly owned 244,397 shares in the company, valued at $11,589,305.74. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Diodes Stock Down 0.5%
NASDAQ DIOD traded down $0.25 on Friday, reaching $44.76. The stock had a trading volume of 32,923 shares, compared to its average volume of 477,383. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1 year low of $32.93 and a 1 year high of $67.40. The business has a 50 day moving average price of $53.05 and a 200 day moving average price of $51.27. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 32.67 and a beta of 1.65.
Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The business had revenue of $350.37 million during the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%. On average, analysts forecast that Diodes Incorporated will post 1.82 EPS for the current fiscal year.
Institutional Investors Weigh In On Diodes
A number of hedge funds have recently bought and sold shares of DIOD. Arrowstreet Capital Limited Partnership bought a new position in shares of Diodes in the third quarter worth about $37,519,000. Invesco Ltd. grew its holdings in Diodes by 183.0% in the 3rd quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company's stock valued at $27,617,000 after buying an additional 335,644 shares during the last quarter. UBS Group AG grew its holdings in Diodes by 85.0% in the 3rd quarter. UBS Group AG now owns 70,713 shares of the semiconductor company's stock valued at $3,763,000 after buying an additional 32,483 shares during the last quarter. Mackenzie Financial Corp bought a new position in Diodes in the 3rd quarter worth approximately $312,000. Finally, Franklin Resources Inc. acquired a new position in shares of Diodes during the third quarter worth approximately $1,694,000. 99.23% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on DIOD. Truist Financial dropped their price target on shares of Diodes from $54.00 to $51.00 and set a "hold" rating on the stock in a research note on Friday, November 7th. Zacks Research downgraded shares of Diodes from a "hold" rating to a "strong sell" rating in a research report on Friday, November 7th. Weiss Ratings cut Diodes from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, November 7th. Finally, Wall Street Zen lowered Diodes from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $54.33.
Get Our Latest Report on Diodes
Diodes Company Profile
(
Get Free Report)
Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
