Short Interest in Diodes Incorporated (NASDAQ:DIOD) Declines By 17.0%

Diodes Incorporated (NASDAQ:DIOD) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,290,000 shares, a decline of 17.0% from the February 28th total of 2,760,000 shares. Based on an average trading volume of 521,300 shares, the short-interest ratio is currently 4.4 days. Currently, 5.1% of the shares of the stock are short sold.

Insider Buying and Selling at Diodes

In related news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the transaction, the president now owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the sale, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 over the last 90 days. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in Diodes by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after purchasing an additional 58,597 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Diodes by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock valued at $40,127,000 after buying an additional 31,089 shares during the last quarter. Geode Capital Management LLC lifted its stake in Diodes by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after acquiring an additional 43,841 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 522 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Diodes in the 4th quarter worth $970,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Trading Down 11.5 %

NASDAQ DIOD traded down $5.00 during mid-day trading on Thursday, reaching $38.49. 40,823 shares of the stock were exchanged, compared to its average volume of 389,263. The stock has a market cap of $1.78 billion, a P/E ratio of 40.71 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. Diodes has a one year low of $38.49 and a one year high of $86.74. The stock has a 50 day simple moving average of $51.37 and a 200-day simple moving average of $58.40.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. On average, analysts anticipate that Diodes will post 1.82 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on DIOD shares. Truist Financial cut their target price on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th. Benchmark cut their price objective on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th.

About Diodes

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.