Diodes Incorporated (NASDAQ:DIOD – Get Rating) CEO Keh Shew Lu sold 3,000 shares of the company’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $96.40, for a total value of $289,200.00. Following the completion of the transaction, the chief executive officer now directly owns 286,492 shares in the company, valued at approximately $27,617,828.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Keh Shew Lu also recently made the following trade(s):
- On Monday, May 22nd, Keh Shew Lu sold 3,683 shares of Diodes stock. The shares were sold at an average price of $95.74, for a total value of $352,610.42.
- On Friday, May 19th, Keh Shew Lu sold 24,000 shares of Diodes stock. The shares were sold at an average price of $94.68, for a total value of $2,272,320.00.
- On Wednesday, May 17th, Keh Shew Lu sold 5,000 shares of Diodes stock. The shares were sold at an average price of $93.04, for a total value of $465,200.00.
Diodes Stock Up 4.2 %
Shares of NASDAQ DIOD traded up $3.90 during mid-day trading on Friday, reaching $95.81. 181,978 shares of the company were exchanged, compared to its average volume of 204,129. The company has a quick ratio of 2.00, a current ratio of 2.87 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 13.36 and a beta of 1.48. Diodes Incorporated has a 1 year low of $58.52 and a 1 year high of $97.45. The firm has a 50-day moving average of $87.13 and a 200 day moving average of $87.02.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on DIOD shares. Benchmark upped their target price on Diodes from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Wells Fargo & Company lowered their target price on Diodes from $95.00 to $85.00 in a report on Wednesday, May 10th. Truist Financial upped their target price on Diodes from $101.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, February 7th. StockNews.com started coverage on Diodes in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Robert W. Baird upped their target price on Diodes from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.83.
Institutional Investors Weigh In On Diodes
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC acquired a new position in shares of Diodes in the first quarter valued at about $28,000. Belpointe Asset Management LLC acquired a new stake in Diodes during the fourth quarter worth about $43,000. Standard Family Office LLC purchased a new position in Diodes during the third quarter valued at approximately $71,000. Robeco Institutional Asset Management B.V. purchased a new position in Diodes during the first quarter valued at approximately $75,000. Finally, Quantbot Technologies LP purchased a new position in Diodes during the second quarter valued at approximately $76,000. 96.24% of the stock is currently owned by hedge funds and other institutional investors.
Diodes Company Profile
Diodes, Inc manufactures and supplies application-specific standard products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. The firm offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect, and temperature sensors.
- Get a free copy of the StockNews.com research report on Diodes (DIOD)
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