Semiconductor Corp Lite-On Sells 20,000 Shares of Diodes Incorporated (NASDAQ:DIOD) Stock

Diodes Incorporated (NASDAQ:DIOD) major shareholder Semiconductor Corp Lite-On sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $30.87, for a total value of $617,400.00. Following the completion of the transaction, the insider now owns 7,837,912 shares in the company, valued at $241,956,343.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Semiconductor Corp Lite-On also recently made the following trade(s):

  • On Thursday, November 30th, Semiconductor Corp Lite-On sold 7,247 shares of Diodes stock. The stock was sold at an average price of $30.36, for a total value of $220,018.92.
  • On Friday, November 24th, Semiconductor Corp Lite-On sold 18,000 shares of Diodes stock. The stock was sold at an average price of $31.39, for a total value of $565,020.00.
  • On Monday, November 27th, Semiconductor Corp Lite-On sold 28,734 shares of Diodes stock. The stock was sold at an average price of $31.35, for a total value of $900,810.90.
  • On Tuesday, November 21st, Semiconductor Corp Lite-On sold 26,153 shares of Diodes stock. The stock was sold at an average price of $31.19, for a total value of $815,712.07.
  • On Friday, November 10th, Semiconductor Corp Lite-On sold 1,379 shares of Diodes stock. The shares were sold at an average price of $32.00, for a total value of $44,128.00.
  • On Wednesday, August 30th, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The shares were sold at an average price of $27.03, for a total value of $540,600.00.
  • On Thursday, August 31st, Semiconductor Corp Lite-On sold 30,000 shares of Diodes stock. The shares were sold at an average price of $27.28, for a total value of $818,400.00.
  • On Friday, August 25th, Semiconductor Corp Lite-On sold 1,184 shares of Diodes stock. The shares were sold at an average price of $27.01, for a total value of $31,979.84.
  • On Wednesday, August 23rd, Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock. The shares were sold at an average price of $26.62, for a total value of $532,400.00.
  • On Thursday, August 24th, Semiconductor Corp Lite-On sold 30,000 shares of Diodes stock. The shares were sold at an average price of $26.72, for a total value of $801,600.00.

Diodes Incorporated (DIOD) opened at $29.06 on Friday. The stock has a market capitalization of $1,447.13, a price-to-earnings ratio of 26.64 and a beta of 1.17. Diodes Incorporated has a 52 week low of $22.06 and a 52 week high of $35.36. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34.

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

A number of research analysts have commented on the company. ValuEngine lowered Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Benchmark lowered Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Robert W. Baird reissued a “buy” rating and issued a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, August 11th. Finally, Sidoti began coverage on Diodes in a research report on Thursday, September 21st. They set a “neutral” rating and a $32.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.67.

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Diodes during the third quarter valued at $167,000. State of Alaska Department of Revenue lifted its position in Diodes by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock valued at $181,000 after purchasing an additional 3,332 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Diodes during the third quarter valued at $206,000. Public Employees Retirement System of Ohio lifted its position in Diodes by 10.1% during the first quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 800 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Diodes during the third quarter valued at $250,000. Hedge funds and other institutional investors own 74.72% of the company’s stock.

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About Diodes

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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