Today, 2,200 Shares of Stock are sold by Diodes Inc. (DIOD) Director John M. Stich

Today, 2,200 Shares of Stock are sold by Diodes Inc. (DIOD) Director John M. Stich

Diodes Inc. (NASDAQ:DIOD) Director John M. Stich sold 2,200 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $24.00, for a total transaction of $52,800.00. Following the sale, the director now directly owns 35,700 shares of the company’s stock, valued at approximately $856,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Diodes Inc. (NASDAQ:DIOD) opened at 24.07 on Tuesday. Diodes Inc. has a 12-month low of $16.58 and a 12-month high of $25.20. The company has a 50-day moving average of $21.40 and a 200 day moving average of $19.93. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 119.16 and a beta of 1.22.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. The business earned $250.70 million during the quarter, compared to the consensus estimate of $250.75 million. Diodes had a return on equity of 4.44% and a net margin of 1.66%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Analysts predict that Diodes Inc. will post $0.87 earnings per share for the current year.

DIOD has been the subject of several analyst reports. Zacks Investment Research lowered shares of Diodes from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. Robert W. Baird reissued an “outperform” rating and issued a $25.00 target price on shares of Diodes in a report on Friday, November 11th.

Large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Diodes by 19.3% in the third quarter. Victory Capital Management Inc. now owns 3,490,676 shares of the company’s stock valued at $74,491,000 after buying an additional 564,232 shares in the last quarter. FMR LLC increased its stake in shares of Diodes by 72.6% in the second quarter. FMR LLC now owns 616,800 shares of the company’s stock valued at $11,590,000 after buying an additional 259,400 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Diodes by 8.4% in the third quarter. BlackRock Fund Advisors now owns 2,715,098 shares of the company’s stock valued at $57,940,000 after buying an additional 210,920 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Diodes by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,487,917 shares of the company’s stock valued at $46,746,000 after buying an additional 190,821 shares in the last quarter. Finally, Foundry Partners LLC increased its stake in shares of Diodes by 1,061.4% in the second quarter. Foundry Partners LLC now owns 174,155 shares of the company’s stock valued at $3,272,000 after buying an additional 159,160 shares in the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.

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