Diodes Incorporated (NASDAQ:DIOD) Director Michael R. Giordano Sells 1,661 Shares

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.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in shares of Diodes by 51.8% during the 1st quarter. Deutsche Bank AG now owns 41,451 shares of the semiconductor company’s stock valued at $1,685,000 after buying an additional 14,138 shares in the last quarter. Swiss National Bank lifted its stake in shares of Diodes by 15.5% during the 2nd quarter. Swiss National Bank now owns 97,100 shares of the semiconductor company’s stock valued at $4,923,000 after buying an additional 13,000 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Diodes by 230.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 51,670 shares of the semiconductor company’s stock valued at $2,100,000 after acquiring an additional 36,019 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in shares of Diodes by 19.8% in the 1st quarter. State of Tennessee Treasury Department now owns 20,109 shares of the semiconductor company’s stock worth $817,000 after buying an additional 3,322 shares during the last quarter. Finally, State Street Corp raised its position in Diodes by 3.1% in the 1st quarter. State Street Corp now owns 1,496,664 shares of the semiconductor company’s stock worth $60,817,000 after purchasing an additional 44,482 shares during the period. 78.34% of the stock is currently owned by institutional investors.

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.

About Diodes

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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