Diodes Incorporated (DIOD) Major Shareholder Sells $44,128.00 in Stock

Diodes Incorporated (NASDAQ:DIOD) major shareholder Semiconductor Corp Lite-On sold 1,379 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $32.00, for a total value of $44,128.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Semiconductor Corp Lite-On also recently made the following trade(s):

  • On Wednesday, August 30th, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The stock was sold at an average price of $27.03, for a total value of $540,600.00.
  • On Thursday, August 31st, Semiconductor Corp Lite-On sold 30,000 shares of Diodes stock. The stock was sold at an average price of $27.28, for a total value of $818,400.00.
  • On Friday, August 25th, Semiconductor Corp Lite-On sold 1,184 shares of Diodes stock. The stock was sold at an average price of $27.01, for a total value of $31,979.84.
  • On Wednesday, August 23rd, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The stock was sold at an average price of $26.62, for a total value of $532,400.00.
  • On Thursday, August 24th, Semiconductor Corp Lite-On sold 30,000 shares of Diodes stock. The stock was sold at an average price of $26.72, for a total value of $801,600.00.
  • On Tuesday, August 22nd, Semiconductor Corp Lite-On sold 21,193 shares of Diodes stock. The stock was sold at an average price of $26.51, for a total value of $561,826.43.
  • On Friday, August 18th, Semiconductor Corp Lite-On sold 17,901 shares of Diodes stock. The stock was sold at an average price of $26.67, for a total value of $477,419.67.
  • On Wednesday, August 16th, Semiconductor Corp Lite-On sold 116,209 shares of Diodes stock. The stock was sold at an average price of $26.95, for a total value of $3,131,832.55.

Shares of Diodes Incorporated (DIOD) traded down $0.78 during mid-day trading on Tuesday, hitting $31.01. The stock had a trading volume of 369,700 shares, compared to its average volume of 238,500. Diodes Incorporated has a one year low of $21.78 and a one year high of $35.36. The firm has a market capitalization of $1,570.11, a price-to-earnings ratio of 28.90 and a beta of 1.23. The company has a current ratio of 3.12, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $285.20 million during the quarter, compared to analyst estimates of $281.66 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. equities analysts expect that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

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A number of research analysts have recently commented on the company. Sidoti assumed coverage on Diodes in a report on Thursday, September 21st. They set a “neutral” rating and a $32.00 price target for the company. Cleveland Research lowered Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a report on Tuesday, October 17th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Benchmark Co. lowered Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Diodes currently has a consensus rating of “Hold” and a consensus price target of $35.67.

Several hedge funds and other institutional investors have recently modified their holdings of DIOD. BlackRock Inc. raised its stake in shares of Diodes by 50,610.4% in the first quarter. BlackRock Inc. now owns 4,634,934 shares of the semiconductor company’s stock valued at $111,471,000 after purchasing an additional 4,625,794 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Diodes by 552.8% in the third quarter. Russell Investments Group Ltd. now owns 398,514 shares of the semiconductor company’s stock valued at $11,927,000 after purchasing an additional 337,471 shares in the last quarter. Numeric Investors LLC raised its stake in shares of Diodes by 3,432.0% in the second quarter. Numeric Investors LLC now owns 342,600 shares of the semiconductor company’s stock valued at $8,233,000 after purchasing an additional 332,900 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Diodes by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,247,902 shares of the semiconductor company’s stock valued at $78,048,000 after purchasing an additional 261,522 shares in the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Diodes in the second quarter valued at $4,078,000. Institutional investors and hedge funds own 72.03% of the company’s stock.

About Diodes

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

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

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