Keh Shew Lu, CEO of Diodes Incorporated (NASDAQ:DIOD), sells 3,000 shares

Diodes Incorporated (NASDAQ:DIOD – Get Rating) CEO Keh Shew Lu sold 3,000 Diodes shares in a trade on Tuesday, August 16. The stock was sold at an average price of $83.11, for a total value of $249,330.00. As a result of the sale, the CEO now directly owns 75,183 shares of the company, valued at approximately $6,248,459.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.

Diode price performance

DIOD stock traded down $2.13 at midday Thursday, hitting $81.78. The company had a trading volume of 174,974 shares, compared to an average volume of 299,336. The company has a market capitalization of $3.72 billion, a price-earnings ratio of 13.09 and a beta of 1.29. . The stock has a 50-day moving average price of $71.81 and a 200-day moving average price of $78.18. Diodes Incorporated has a 1 year minimum of $58.52 and a 1 year maximum of $113.98. The company has a debt ratio of 0.16, a current ratio of 2.43 and a quick ratio of 1.69.

Diodes (NASDAQ:DIOD – Get Rating) last released its quarterly results on Thursday, August 4. The semiconductor company reported EPS of $1.90 for the quarter, beating consensus analyst estimates of $1.75 by $0.15. The company posted revenue of $500.97 million in the quarter, versus a consensus estimate of $501.47 million. Diodes had a return on equity of 23.24% and a net margin of 14.82%. Diodes revenue for the quarter increased 13.7% compared to the same quarter last year. In the same quarter of the previous year, the company made earnings per share of $1.20. Equity research analysts expect Diodes Incorporated to post earnings per share of 7.15 for the current year.

Institutional entries and exits

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A number of hedge funds and other institutional investors have recently bought and sold shares of DIOD. Northwestern Mutual Wealth Management Co. increased its stake in Diodes by 1,169.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 711 shares of the semiconductor company valued at $78,000 after buying 655 additional shares last quarter. Mutual of America Capital Management LLC increased its position in Diodes by 2.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,150 shares of the semiconductor company valued at $675,000 after acquiring 154 additional shares in the last quarter. Advisor Group Holdings Inc. increased its position in Diodes by 5.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 13,316 shares of the semiconductor company valued at $1,461,000 after acquiring 631 additional shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Diodes in the fourth quarter valued at around $274,000. Finally, Toronto Dominion Bank bought a new position in Diodes in the fourth quarter valued at around $747,000. Institutional investors and hedge funds own 93.74% of the company’s shares.

A Wall Street analyst gives his opinion

A number of equity research analysts have weighed in on the company recently. Wells Fargo & Company lowered its target price on diodes from $85.00 to $65.00 and set an “equal weight” rating for the company in a Monday, July 11 report. Cowen raised his price target on Diodes to $95.00 in a Tuesday, August 9 report.

Diodes company profile

(Get a rating)

Diodes Incorporated designs, manufactures and supplies standard products specific to applications in the global discrete, logic, analog and mixed-signal semiconductor markets. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFETs, TVS, and high-performance Schottky rectifiers; GPP bridges and retifiers and high-performance Schottky diodes; Zener diodes and Zener performance including tight tolerance and low operating current type; standard, fast, super-fast and super-fast recovery straighteners; bridge rectifiers; switching diodes; small-signal bipolar and prepolarized transistors; thyristor surge protection devices; and transient voltage suppressors.

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