John M. Stich Sells 2,200 Shares of Diodes Inc. (DIOD) Stock
Diodes Inc. (NASDAQ:DIOD) Director John M. Stich sold 2,200 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $24.00, for a total value of $52,800.00. Following the completion of the transaction, the director now owns 35,700 shares in the company, valued at $856,800. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Diodes Inc. (NASDAQ:DIOD) opened at 23.98 on Wednesday. The stock has a 50 day moving average price of $21.40 and a 200 day moving average price of $19.93. Diodes Inc. has a 52-week low of $16.58 and a 52-week high of $25.20. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 118.71 and a beta of 1.22.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. Diodes had a net margin of 1.66% and a return on equity of 4.44%. The business earned $250.70 million during the quarter, compared to the consensus estimate of $250.75 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue was up 20.0% on a year-over-year basis. Analysts anticipate that Diodes Inc. will post $0.87 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Group LTD increased its position in shares of Diodes by 5.8% in the first quarter. BlackRock Group LTD now owns 53,422 shares of the company’s stock valued at $1,074,000 after buying an additional 2,932 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Diodes by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 972,006 shares of the company’s stock valued at $19,537,000 after buying an additional 20,731 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Diodes by 91.2% in the second quarter. BNP Paribas Arbitrage SA now owns 13,354 shares of the company’s stock valued at $251,000 after buying an additional 6,371 shares in the last quarter. Alpha Windward LLC purchased a new position in shares of Diodes during the second quarter valued at approximately $425,000. Finally, Capstone Asset Management Co. increased its position in shares of Diodes by 1.8% in the second quarter. Capstone Asset Management Co. now owns 11,106 shares of the company’s stock valued at $209,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.
DIOD has been the topic of a number of recent research reports. TheStreet upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Monday. Robert W. Baird restated an “outperform” rating and issued a $25.00 price target on shares of Diodes in a research report on Friday, November 11th. Finally, Zacks Investment Research lowered Diodes from a “hold” rating to a “sell” rating in a research report on Thursday, November 10th.
Diodes Incorporated is a global 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.
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