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

Diodes Incorporated (NASDAQ:DIODGet Free Report) was the recipient of a large increase in short interest in 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 daily volume of 319,600 shares, the short-interest ratio is presently 7.0 days.

Insider Buying and Selling at Diodes

In other Diodes news, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the sale, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at $2,094,660.48. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,172 shares of company stock valued at $295,249 in the last three months. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of Diodes by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after buying an additional 43,841 shares during the last quarter. Barclays PLC grew its position in shares of Diodes by 361.1% in the 3rd quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock worth $5,114,000 after buying an additional 62,492 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Diodes by 20.9% in the 3rd quarter. Hodges Capital Management Inc. now owns 166,926 shares of the semiconductor company’s stock worth $10,698,000 after purchasing an additional 28,804 shares in the last quarter. First National Bank of Omaha boosted its stake in Diodes by 14.5% in the 3rd quarter. First National Bank of Omaha now owns 28,811 shares of the semiconductor company’s stock worth $1,846,000 after purchasing an additional 3,653 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Diodes in the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Trading Up 0.9 %

DIOD traded up $0.47 on Tuesday, reaching $54.31. 51,197 shares of the company traded hands, compared to its average volume of 344,150. 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 company has a market cap of $2.52 billion, a P/E ratio of 40.79 and a beta of 1.32. The firm has a fifty day simple moving average of $61.77 and a two-hundred day simple moving average of $68.56. Diodes has a one year low of $52.71 and a one year high of $86.74.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DIOD. Truist Financial reduced their price target 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. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Benchmark reduced their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $72.80.

View Our Latest Report on Diodes

About Diodes

(Get Free Report)

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.

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