Short Interest in Diodes Incorporated (NASDAQ:DIOD) Expands By 7.1%

Diodes Incorporated (NASDAQ:DIOD) was the recipient of a significant 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 daily trading volume, of 319,600 shares, the short-interest ratio is presently 7.0 days.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Emily Yang sold 1,272 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $72.16, for a total value of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,172 shares of company stock worth $295,249 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DIOD. Geode Capital Management LLC increased its holdings in Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after purchasing an additional 43,841 shares during the period. Barclays PLC grew its holdings in Diodes by 361.1% during the 3rd quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock worth $5,114,000 after acquiring an additional 62,492 shares during the period. Hodges Capital Management Inc. grew its holdings in Diodes by 20.9% during the 3rd quarter. Hodges Capital Management Inc. now owns 166,926 shares of the semiconductor company’s stock worth $10,698,000 after acquiring an additional 28,804 shares during the period. First National Bank of Omaha grew its holdings in Diodes by 14.5% during the 3rd quarter. First National Bank of Omaha now owns 28,811 shares of the semiconductor company’s stock worth $1,846,000 after acquiring an additional 3,653 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Diodes during the 3rd quarter worth about $260,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Price Performance

Shares of DIOD stock traded up $0.47 on Tuesday, hitting $54.31. 51,197 shares of the company’s stock were exchanged, compared to its average volume of 344,150. Diodes has a 12 month low of $52.71 and a 12 month high of $86.74. 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 50 day moving average of $61.77 and a 200 day moving average of $68.56. The stock has a market cap of $2.52 billion, a P/E ratio of 40.79 and a beta of 1.32.

Analyst Upgrades and Downgrades

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

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.