Diodes Incorporated (NASDAQ:DIOD) Short Interest Update

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

Insider Activity at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 1,900 shares of the company'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 transaction of $132,981.00. Following the completion of the sale, the chief financial officer now directly owns 46,365 shares of the company's stock, valued at approximately $3,245,086.35. This represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction on Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares in the company, valued at $2,094,660.48. This represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,172 shares of company stock worth $295,249. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Diodes

A number of hedge funds have recently bought and sold shares of DIOD. GAMMA Investing LLC increased its holdings in shares of Diodes by 66.5% in 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 last quarter. Truvestments Capital LLC purchased a new stake in Diodes during the third quarter valued at approximately $29,000. EntryPoint Capital LLC purchased a new position in shares of Diodes in the 1st quarter worth approximately $40,000. Innealta Capital LLC bought a new position in shares of Diodes during the 2nd quarter valued at approximately $88,000. Finally, KBC Group NV raised its holdings in Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock valued at $93,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 99.23% of the company's stock.

Wall Street Analyst Weigh In

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

Diodes Price Performance

NASDAQ DIOD traded up $0.86 on Tuesday, reaching $54.70. The company had a trading volume of 343,827 shares, compared to its average volume of 345,457. The stock has a market capitalization of $2.53 billion, a PE ratio of 41.44 and a beta of 1.32. Diodes has a 12 month low of $52.71 and a 12 month high of $86.74. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average price is $61.64 and its 200 day moving average price is $68.43.

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.