Keh Shew Lu Sold 93,765 Shares of Diodes Incorporated (DIOD) Shares

Keh Shew Lu Sold 93,765 Shares of Diodes Incorporated (DIOD) Shares

Diodes Incorporated (NASDAQ:DIOD) CEO Keh Shew Lu sold 93,765 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $26.15, for a total value of $2,451,954.75. Following the completion of the transaction, the chief executive officer now owns 1,134,291 shares in the company, valued at approximately $29,661,709.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

Diodes Incorporated (NASDAQ DIOD) opened at 25.71 on Friday. Diodes Incorporated has a 12-month low of $16.92 and a 12-month high of $27.50. The stock has a market cap of $1.24 billion, a P/E ratio of 68.38 and a beta of 1.16. The stock has a 50 day moving average price of $24.54 and a 200-day moving average price of $24.68.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.09. Diodes had a net margin of 1.66% and a return on equity of 4.44%. The business had revenue of $236.30 million for the quarter, compared to the consensus estimate of $231.03 million. During the same period in the prior year, the business posted $0.12 earnings per share. Diodes’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Diodes Incorporated will post $1.16 earnings per share for the current year.

DIOD has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Friday, May 12th. Robert W. Baird increased their price objective on Diodes from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th.

Several institutional investors have recently bought and sold shares of DIOD. State of Alaska Department of Revenue increased its position in Diodes by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 40 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Diodes by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,452 shares of the semiconductor company’s stock valued at $166,000 after buying an additional 198 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Diodes by 10.1% in 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 buying an additional 800 shares during the last quarter. Mason Street Advisors LLC increased its position in Diodes by 5.7% in the first quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 481 shares during the last quarter. Finally, RBF Capital LLC acquired a new position in Diodes during the third quarter valued at approximately $222,000. 75.07% of the stock is currently owned by institutional investors and hedge funds.

Diodes Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DIOD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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