Diodes Incorporated (DIOD) SVP Mark A. King Sells 10,000 Shares

Diodes Incorporated (NASDAQ:DIOD) SVP Mark A. King sold 10,000 shares of Diodes stock in a transaction on Friday, November 10th. The stock was sold at an average price of $31.79, for a total transaction of $317,900.00. Following the transaction, the senior vice president now directly owns 69,888 shares in the company, valued at $2,221,739.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Diodes Incorporated (NASDAQ DIOD) traded down $0.27 during trading hours on Friday, hitting $28.21. 286,578 shares of the company were exchanged, compared to its average volume of 245,716. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,410.00, a P/E ratio of 25.77 and a beta of 1.15. Diodes Incorporated has a 52 week low of $22.06 and a 52 week high of $35.36.

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

A number of research firms have issued reports on DIOD. Benchmark downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 price objective on shares of Diodes in a report on Tuesday, October 17th. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, October 17th. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, BidaskClub downgraded shares of Diodes from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Diodes presently has an average rating of “Hold” and an average price target of $35.67.

Several large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Diodes by 230.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,850 shares of the semiconductor company’s stock worth $863,000 after buying an additional 20,117 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Diodes by 21.0% in the 3rd quarter. Algert Global LLC now owns 106,479 shares of the semiconductor company’s stock worth $3,187,000 after buying an additional 18,511 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Diodes in the 3rd quarter worth about $250,000. California Public Employees Retirement System boosted its holdings in shares of Diodes by 5.6% in the 3rd quarter. California Public Employees Retirement System now owns 58,508 shares of the semiconductor company’s stock worth $1,751,000 after buying an additional 3,108 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Diodes by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,475,574 shares of the semiconductor company’s stock worth $104,023,000 after buying an additional 227,672 shares during the last quarter. 74.74% of the stock is currently owned by institutional investors.

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Diodes Company Profile

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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