Insider Selling: Diodes Incorporated (NASDAQ:DIOD) VP Sells 2,669 Shares of Stock

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.

Diodes (NASDAQ:DIOD) last released its earnings results on Monday, November 4th. The semiconductor company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.03. The business had revenue of $323.67 million for the quarter, compared to the consensus estimate of $322.90 million. Diodes had a net margin of 10.74% and a return on equity of 14.60%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities analysts expect that Diodes Incorporated will post 2.9 earnings per share for the current fiscal year.

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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Insider Buying and Selling by Quarter for Diodes (NASDAQ:DIOD)

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