Diodes Incorporated (NASDAQ:DIOD) Short Interest Update

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,290,000 shares, a drop of 17.0% from the February 28th total of 2,760,000 shares. Approximately 5.1% of the shares of the company are short sold. Based on an average daily volume of 521,300 shares, the short-interest ratio is currently 4.4 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial cut their price objective on Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, February 12th. Benchmark cut their price target on shares of Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 12th.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 830 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares of the company's stock, valued at $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Gary Yu sold 2,900 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 in the last ninety days. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pitcairn Co. lifted its stake in shares of Diodes by 4.2% during the fourth quarter. Pitcairn Co. now owns 5,208 shares of the semiconductor company's stock valued at $321,000 after acquiring an additional 208 shares during the period. Summit Investment Advisors Inc. lifted its position in Diodes by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,772 shares of the semiconductor company's stock valued at $294,000 after purchasing an additional 262 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Diodes by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company's stock valued at $2,005,000 after purchasing an additional 328 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Diodes by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company's stock worth $524,000 after buying an additional 335 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in shares of Diodes by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company's stock worth $414,000 after buying an additional 425 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Price Performance

Diodes stock traded down $1.93 on Friday, reaching $35.10. The company's stock had a trading volume of 885,004 shares, compared to its average volume of 395,557. Diodes has a twelve month low of $32.93 and a twelve month high of $86.74. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 36.95 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The business's fifty day moving average price is $50.37 and its 200 day moving average price is $58.08.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Equities analysts expect that Diodes will post 1.82 earnings per share for the current fiscal year.

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.