Diodes Incorporated (NASDAQ:DIOD) Short Interest Update

Diodes Incorporated (NASDAQ:DIOD) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,250,000 shares, a growth of 7.1% from the October 15th total of 2,100,000 shares. Based on an average trading volume of 319,600 shares, the short-interest ratio is presently 7.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Benchmark lowered their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Truist Financial cut their target price on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $72.80.

Diodes Stock Up 0.8 %

DIOD stock traded up $0.44 on Tuesday, reaching $54.28. 31,375 shares of the company traded hands, compared to its average volume of 344,062. The firm has a fifty day simple moving average of $61.77 and a 200-day simple moving average of $68.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The company has a market cap of $2.51 billion, a P/E ratio of 40.79 and a beta of 1.32. Diodes has a one year low of $52.71 and a one year high of $86.74.

Insider Activity at Diodes

In other news, CFO Brett R. Whitmire sold 1,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the transaction, the chief financial officer now directly owns 46,365 shares in the company, valued at approximately $3,245,086.35. This trade represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $70.48, for a total transaction of $70,480.00. Following the sale, the senior vice president now directly owns 59,820 shares in the company, valued at $4,216,113.60. This trade represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,172 shares of company stock worth $295,249. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 181 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Diodes by 2.7% in 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 in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Diodes by 5.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,245 shares of the semiconductor company’s stock worth $299,000 after buying an additional 224 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Diodes by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock valued at $925,000 after purchasing an additional 236 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its stake in Diodes by 2.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company’s stock valued at $728,000 after buying an additional 250 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Diodes Company Profile

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.