Diodes Incorporated (NASDAQ:DIOD) shares traded 2.19% higher at $87.35 on Wall Street last session.
DIOD stock price is now 6.51% away from the 50-day moving average and 16.49% away from the 200-day moving average. The market capitalization of the company currently stands at $3.89B.
On August 06, 2021, Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $100 to quote $110, while the Cowen previously rated the stock as ‘Outperform’ on May 07, 2021.
In other news, LU KEH SHEW, President & CEO sold 8,000 shares of the company’s stock on Nov 30. The stock was sold for $731,000 at an average price of $91.38. Upon completion of the transaction, the President & CEO now directly owns 154,988 shares in the company, valued at $13.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 23, President & CEO LU KEH SHEW sold 3,974 shares of the business’s stock. A total of $357,173 was realized by selling the stock at an average price of $89.88. This leaves the insider owning 162,988 shares of the company worth $14.24 million. Insiders disposed of 413,330 shares of company stock worth roughly $36.1 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DIOD stock. A new stake in Diodes Incorporated shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $2,293,000. AMALGAMATED FINANCIAL CORP. invested $1,880,000 in shares of DIOD during the first quarter. In the first quarter, ZIEGLER CAPITAL MANAGEMENT, LLC acquired a new stake in Diodes Incorporated valued at approximately $1,658,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in DIOD for approximately $1,184,000. SUMMERHAVEN INVESTMENT MANAGEMENT, LLC purchased a new stake in DIOD valued at around $1,050,000 in the second quarter.
Diodes Incorporated (NASDAQ: DIOD) opened at $84.58 on Friday. During the past 12 months, Diodes Incorporated has had a low of $58.52 and a high of $102.17. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 2.50, and a quick ratio of 1.80. The fifty day moving average price for DIOD is $82.31 and a two-hundred day moving average price translates $74.95 for the stock.
The latest earnings results from Diodes Incorporated (NASDAQ: DIOD) was released for Jun, 2022. According to the Semiconductors Company, earnings per share came in at $1.9, beating analysts’ expectations of $1.74 by 0.16. This compares to $1.55 EPS in the same period last year. The net profit margin was 15.40% and return on equity was 23.10% for DIOD. The company reported revenue of $521.27 million for the quarter, compared to $471.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.57 percent. For the current quarter, analysts expect DIOD to generate $520.86M in revenue.
Diodes Incorporated(DIOD) Company Profile
Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors. It also provides analog products, such as power management devices comprising AC-DC and DC-DC converters, USB power switches, and low dropout and linear voltage regulators; linear devices, such as operational amplifiers and comparators, current monitors, voltage references, and reset generators; LED lighting drivers; audio amplifiers; and sensor products, including hall-effect sensors and motor drivers. The company offers mixed-signal products, such as high speed mux/demux products, digital switches, interfaces, redrivers, universal level shifters/voltage translator, clock ICs, and packet switches; standard logic products comprising low-voltage complementary metaloxidesemiconductor (CMOS) and high-speed CMOS devices; ultra-low power CMOS logic products and analog switches; multichip products and co-packaged discrete, analog, and mixed-signal silicon in miniature packages; silicon and silicon epitaxial wafers; and crystals and oscillators. It sells its products to the consumer electronics, computing, communications, industrial, and automotive markets through direct sales, marketing personnel, independent sales representatives, and distributors. The company was incorporated in 1959 and is headquartered in Plano, Texas.