Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu Sells 2,000 Shares of Stock

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Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $46.77, for a total transaction of $93,540.00. Following the transaction, the chief executive officer now directly owns 579,359 shares of the company’s stock, valued at $27,096,620.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Keh Shew Lu also recently made the following trade(s):

  • On Monday, November 25th, Keh Shew Lu sold 12,000 shares of Diodes stock. The shares were sold at an average price of $46.23, for a total transaction of $554,760.00.

Shares of NASDAQ:DIOD opened at $46.31 on Tuesday. The company has a 50 day moving average of $45.04 and a 200-day moving average of $39.10. The firm has a market cap of $2.36 billion, a P/E ratio of 15.80 and a beta of 1.28. Diodes Incorporated has a twelve month low of $29.88 and a twelve month high of $49.36. The company has a current ratio of 2.56, a quick ratio of 1.79 and a debt-to-equity ratio of 0.08.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The company had revenue of $323.67 million during the quarter, compared to analyst estimates of $322.90 million. Diodes had a net margin of 10.74% and a return on equity of 14.60%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 EPS. Equities research analysts forecast that Diodes Incorporated will post 2.9 EPS for the current year.

Several large investors have recently modified their holdings of DIOD. Squar Milner Financial Services LLC acquired a new stake in shares of Diodes in the 3rd quarter worth approximately $26,000. Sandy Spring Bank acquired a new stake in shares of Diodes in the 2nd quarter worth approximately $36,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Diodes in the 2nd quarter worth approximately $47,000. Penserra Capital Management LLC acquired a new stake in shares of Diodes in the 3rd quarter worth approximately $50,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Diodes by 58.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 1,186 shares during the period. 83.67% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on DIOD shares. Wells Fargo & Co started coverage on shares of Diodes in a research note on Monday, August 19th. They issued an “outperform” rating and a $55.00 price target for the company. BidaskClub lowered shares of Diodes from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Zacks Investment Research raised shares of Diodes from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $53.00.

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

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