Diodes Incorporated (NASDAQ:DIOD) Short Interest Update

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 2,110,000 shares, a decline of 7.5% from the September 15th total of 2,280,000 shares. Based on an average daily volume of 396,400 shares, the short-interest ratio is presently 5.3 days.

Insider Activity at Diodes

In related news, CEO Keh Shew Lu sold 20,010 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the transaction, the chief executive officer now owns 246,492 shares in the company, valued at $16,576,587. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Emily Yang sold 1,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the completion of the transaction, the senior vice president now owns 59,820 shares of the company's stock, valued at approximately $4,216,113.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Keh Shew Lu sold 20,010 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the transaction, the chief executive officer now directly owns 246,492 shares of the company's stock, valued at $16,576,587. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,182 shares of company stock worth $1,640,921 in the last 90 days. Company insiders own 2.30% of the company's stock.

Institutional Trading of Diodes

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted 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 purchasing an additional 181 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Diodes during the 1st quarter valued at $40,000. Riverview Trust Co bought a new position in shares of Diodes during the 1st quarter valued at $51,000. Innealta Capital LLC bought a new position in shares of Diodes during the 2nd quarter valued at $88,000. Finally, NBC Securities Inc. lifted its holdings in shares of Diodes by 62.3% during the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company's stock valued at $86,000 after buying an additional 471 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Stock Up 0.9 %

Shares of Diodes stock traded up $0.55 during midday trading on Thursday, hitting $64.94. The company had a trading volume of 213,944 shares, compared to its average volume of 348,980. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. The stock has a market capitalization of $2.99 billion, a P/E ratio of 17.54 and a beta of 1.32. The company has a 50 day moving average of $63.97 and a 200 day moving average of $69.96. Diodes has a 52-week low of $58.50 and a 52-week high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Diodes had a return on equity of 5.76% and a net margin of 7.12%. The business had revenue of $319.80 million for the quarter, compared to the consensus estimate of $316.12 million. During the same period last year, the business posted $1.59 EPS. The company's revenue was down 31.5% compared to the same quarter last year. On average, equities analysts predict that Diodes will post 1.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DIOD. Truist Financial decreased their target price on Diodes from $74.00 to $69.00 and set a "hold" rating for the company in a research report on Friday, August 9th. StockNews.com lowered Diodes from a "hold" rating to a "sell" rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $73.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.