Short Interest in Diodes Incorporated (NASDAQ:DIOD) Drops By 7.2%

Diodes Incorporated (NASDAQ:DIODGet Rating) was the target of a large decline in short interest in August. As of August 15th, there was short interest totalling 1,290,000 shares, a decline of 7.2% from the July 31st total of 1,390,000 shares. Based on an average trading volume of 256,400 shares, the short-interest ratio is currently 5.0 days. Approximately 2.9% of the company’s stock are sold short.

Diodes Stock Up 0.0 %

DIOD stock opened at $68.58 on Friday. The company has a 50-day moving average of $73.65 and a two-hundred day moving average of $76.99. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 10.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.43 and a quick ratio of 1.69. Diodes has a 52-week low of $58.52 and a 52-week high of $113.98.

Diodes (NASDAQ:DIODGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The semiconductor company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. The business had revenue of $500.97 million during the quarter, compared to analyst estimates of $501.47 million. Diodes had a net margin of 14.82% and a return on equity of 23.24%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. As a group, equities research analysts anticipate that Diodes will post 7.15 EPS for the current year.

Insider Activity

In other news, CEO Keh Shew Lu sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $83.11, for a total transaction of $249,330.00. Following the transaction, the chief executive officer now directly owns 75,183 shares in the company, valued at approximately $6,248,459.13. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Keh Shew Lu sold 3,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $83.11, for a total value of $249,330.00. Following the completion of the sale, the chief executive officer now directly owns 75,183 shares in the company, valued at $6,248,459.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 600 shares of the company’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total transaction of $36,000.00. Following the completion of the sale, the chief financial officer now owns 27,125 shares of the company’s stock, valued at $1,627,500. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Diodes

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in Diodes by 157.7% during the first quarter. Signaturefd LLC now owns 286 shares of the semiconductor company’s stock worth $25,000 after buying an additional 175 shares during the last quarter. CWM LLC grew its stake in Diodes by 310.6% during the first quarter. CWM LLC now owns 349 shares of the semiconductor company’s stock worth $30,000 after buying an additional 264 shares during the last quarter. Truvestments Capital LLC bought a new stake in Diodes during the second quarter worth about $36,000. Quadrant Capital Group LLC grew its stake in Diodes by 305.7% during the first quarter. Quadrant Capital Group LLC now owns 426 shares of the semiconductor company’s stock worth $37,000 after buying an additional 321 shares during the last quarter. Finally, UMB Bank N A MO bought a new stake in Diodes during the fourth quarter worth about $43,000. 95.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Diodes from $85.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, July 11th. Cowen upped their price target on shares of Diodes to $95.00 in a report on Tuesday, August 9th.

Diodes Company Profile

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Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

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