Diodes Incorporated (NASDAQ:DIOD) VP Francis Tang sold 2,669 shares of Diodes stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $46.75, for a total transaction of $124,775.75. Following the completion of the transaction, the vice president now directly owns 80,806 shares in the company, valued at approximately $3,777,680.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Francis Tang also recently made the following trade(s):
- On Friday, November 15th, Francis Tang sold 2,742 shares of Diodes stock. The stock was sold at an average price of $46.54, for a total transaction of $127,612.68.
- On Tuesday, November 12th, Francis Tang sold 2,454 shares of Diodes stock. The stock was sold at an average price of $46.50, for a total transaction of $114,111.00.
- On Thursday, November 7th, Francis Tang sold 70 shares of Diodes stock. The stock was sold at an average price of $46.75, for a total transaction of $3,272.50.
Shares of Diodes stock traded up $0.17 during trading on Monday, hitting $46.31. The stock had a trading volume of 332,900 shares, compared to its average volume of 401,240. The stock has a 50 day simple moving average of $44.73 and a 200 day simple moving average of $38.96. The company has a market capitalization of $2.36 billion, a PE ratio of 19.46 and a beta of 1.28. The company has a quick ratio of 1.79, a current ratio of 2.56 and a debt-to-equity ratio of 0.08. Diodes Incorporated has a 1 year low of $29.88 and a 1 year high of $49.36.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Thursday, November 7th. BidaskClub downgraded shares of Diodes from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Co assumed coverage on shares of Diodes in a research report on Monday, August 19th. They issued an “outperform” rating and a $55.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Diodes has a consensus rating of “Buy” and an average target price of $53.00.
Institutional investors have recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC purchased a new position in shares of Diodes in the third quarter worth approximately $26,000. Sandy Spring Bank purchased a new position in shares of Diodes in the second quarter worth approximately $36,000. Penserra Capital Management LLC purchased a new position in shares of Diodes in the third quarter worth approximately $50,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Diodes during the second quarter worth approximately $47,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Diodes by 58.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock worth $117,000 after purchasing an additional 1,186 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.
Diodes Company Profile
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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