Diodes Incorporated (NASDAQ:DIOD) Short Interest Update

Diodes Incorporated (NASDAQ:DIOD) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 2,390,000 shares, an increase of 6.2% from the October 31st total of 2,250,000 shares. Based on an average daily volume of 335,800 shares, the short-interest ratio is presently 7.1 days.

Diodes Price Performance

Shares of DIOD stock traded up $1.01 during trading hours on Tuesday, hitting $66.01. The company had a trading volume of 383,367 shares, compared to its average volume of 384,771. Diodes has a 12 month low of $52.71 and a 12 month high of $86.74. The firm’s fifty day moving average is $62.12 and its 200 day moving average is $67.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 50.01 and a beta of 1.34.

Wall Street Analysts Forecast Growth

DIOD has been the topic of a number of recent analyst reports. Benchmark dropped their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Truist Financial lowered their price target on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.80.

Institutional Investors Weigh In On Diodes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after buying an additional 181 shares during the period. SummerHaven Investment Management LLC raised its holdings in Diodes by 2.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company’s stock worth $583,000 after purchasing an additional 210 shares during the last quarter. Arizona State Retirement System raised its position in shares of Diodes by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock worth $925,000 after acquiring an additional 236 shares in the last quarter. Azzad Asset Management Inc. ADV increased its stake in Diodes by 2.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company’s stock valued at $728,000 after purchasing an additional 250 shares in the last quarter. Finally, Oak Associates Ltd. OH grew its stake in Diodes by 0.5% in the second quarter. Oak Associates Ltd. OH now owns 54,757 shares of the semiconductor company’s stock valued at $3,939,000 after acquiring an additional 284 shares during the period. Institutional investors own 99.23% of the company’s stock.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.