Diodes Incorporated (DIOD) VP Sells $70,300.00 in Stock

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Diodes Incorporated (NASDAQ:DIOD) VP Clemente Beltran sold 1,900 shares of the company’s stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $37.00, for a total value of $70,300.00. Following the transaction, the vice president now directly owns 25,413 shares of the company’s stock, valued at approximately $940,281. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Clemente Beltran also recently made the following trade(s):

  • On Monday, June 4th, Clemente Beltran sold 6,089 shares of Diodes stock. The shares were sold at an average price of $35.53, for a total value of $216,342.17.

Diodes opened at $36.78 on Friday, according to MarketBeat. Diodes Incorporated has a 52 week low of $23.51 and a 52 week high of $37.53. The company has a market cap of $1.83 billion, a PE ratio of 26.85 and a beta of 0.93. The company has a quick ratio of 1.65, a current ratio of 2.64 and a debt-to-equity ratio of 0.22.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.08. Diodes had a return on equity of 9.73% and a net margin of 1.42%. The business had revenue of $274.51 million for the quarter, compared to analysts’ expectations of $269.38 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was up 16.2% on a year-over-year basis. equities analysts anticipate that Diodes Incorporated will post 2.05 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its position in Diodes by 2.2% in the first quarter. Rhumbline Advisers now owns 92,799 shares of the semiconductor company’s stock worth $2,827,000 after purchasing an additional 2,011 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in Diodes by 31.0% in the first quarter. Glen Harbor Capital Management LLC now owns 8,772 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 2,074 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Diodes by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 357,371 shares of the semiconductor company’s stock valued at $10,245,000 after buying an additional 2,769 shares during the last quarter. Northern Trust Corp lifted its position in shares of Diodes by 0.4% during the 1st quarter. Northern Trust Corp now owns 769,238 shares of the semiconductor company’s stock valued at $23,431,000 after buying an additional 2,769 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of Diodes by 26.0% during the 1st quarter. Citigroup Inc. now owns 17,802 shares of the semiconductor company’s stock valued at $542,000 after buying an additional 3,673 shares during the last quarter. 76.25% of the stock is currently owned by institutional investors and hedge funds.

DIOD has been the subject of several research reports. Sidoti downgraded Diodes from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a report on Thursday, June 7th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, May 29th. TheStreet upgraded Diodes from a “c” rating to a “b” rating in a research report on Wednesday, May 9th. BidaskClub cut Diodes from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, ValuEngine lowered Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Diodes currently has a consensus rating of “Buy” and a consensus target price of $38.00.

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 semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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

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