Semiconductor Corp Lite-On Sells 1,379 Shares of Diodes Incorporated (DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) major shareholder Semiconductor Corp Lite-On sold 1,379 shares of Diodes stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $32.00, for a total transaction of $44,128.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,131,832.55.

Shares of Diodes Incorporated (DIOD) traded down $0.44 during midday trading on Thursday, reaching $30.46. 649,600 shares of the company traded hands, compared to its average volume of 240,836. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.18. The company has a market capitalization of $1,526.16, a price-to-earnings ratio of 28.09 and a beta of 1.23. Diodes Incorporated has a 12 month low of $22.06 and a 12 month high of $35.36.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 2.96% and a return on equity of 6.44%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. analysts predict that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC grew its position in Diodes by 6.3% during the second quarter. Teachers Advisors LLC now owns 68,337 shares of the semiconductor company’s stock valued at $1,642,000 after buying an additional 4,030 shares during the period. Bank of America Corp DE lifted its holdings in Diodes by 27.7% during the first quarter. Bank of America Corp DE now owns 167,123 shares of the semiconductor company’s stock valued at $4,020,000 after purchasing an additional 36,263 shares in the last quarter. AJO LP purchased a new position in Diodes during the second quarter valued at approximately $1,044,000. Russell Investments Group Ltd. lifted its holdings in Diodes by 75.7% during the second quarter. Russell Investments Group Ltd. now owns 61,043 shares of the semiconductor company’s stock valued at $1,467,000 after purchasing an additional 26,306 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new position in Diodes during the second quarter valued at approximately $718,000. Institutional investors own 72.03% of the company’s stock.

DIOD has been the subject of a number of research analyst reports. Cleveland Research lowered shares of Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, August 11th. Sidoti started coverage on shares of Diodes in a research report on Thursday, September 21st. They set a “neutral” rating and a $32.00 target price for the company. Finally, Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have assigned 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 an average target price of $35.67.

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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