Diodes Incorporated (NASDAQ:DIOD) Director Michael R. Giordano sold 1,661 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $57.00, for a total transaction of $94,677.00. Following the completion of the sale, the director now owns 95,975 shares of the company’s stock, valued at approximately $5,470,575. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Diodes stock traded up $2.53 during midday trading on Thursday, reaching $58.98. 557,318 shares of the company’s stock were exchanged, compared to its average volume of 330,066. The stock’s 50-day simple moving average is $49.95 and its 200 day simple moving average is $47.76. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 24.16 and a beta of 1.18. Diodes Incorporated has a 52 week low of $31.51 and a 52 week high of $59.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.68 and a current ratio of 3.46.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The firm had revenue of $288.70 million during the quarter, compared to analysts’ expectations of $283.92 million. Diodes had a return on equity of 11.14% and a net margin of 10.59%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 earnings per share. Research analysts forecast that Diodes Incorporated will post 2.1 earnings per share for the current year.
A number of brokerages have issued reports on DIOD. Zacks Investment Research cut shares of Diodes from a “hold” rating to a “sell” rating in a research report on Monday, August 10th. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research report on Thursday, September 17th. Finally, Cowen lifted their price target on Diodes from $57.00 to $61.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.67.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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