Diodes Incorporated (NASDAQ:DIOD) Sees Large Decline in Short Interest

Diodes Incorporated (NASDAQ:DIOD) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 2,290,000 shares, a decrease of 17.0% from the February 28th total of 2,760,000 shares. Approximately 5.1% of the shares of the company are sold short. Based on an average trading volume of 521,300 shares, the short-interest ratio is presently 4.4 days.

Diodes Trading Down 1.5 %

Shares of NASDAQ:DIOD traded down $0.67 during trading hours on Tuesday, hitting $42.51. 10,079 shares of the company’s stock traded hands, compared to its average volume of 388,836. Diodes has a 1 year low of $41.80 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The firm has a market capitalization of $1.97 billion, a P/E ratio of 44.61 and a beta of 1.31. The business has a fifty day moving average price of $52.16 and a 200-day moving average price of $58.64.

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

Insider Buying and Selling at Diodes

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DIOD. Vanguard Group Inc. grew its position in shares of Diodes by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company’s stock worth $364,517,000 after buying an additional 102,263 shares in the last quarter. FMR LLC raised its holdings in shares of Diodes by 2.0% in the 4th quarter. FMR LLC now owns 5,902,006 shares of the semiconductor company’s stock valued at $363,977,000 after purchasing an additional 116,872 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Diodes by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company’s stock worth $138,053,000 after purchasing an additional 168,545 shares during the period. Earnest Partners LLC increased its holdings in Diodes by 0.4% during the fourth quarter. Earnest Partners LLC now owns 2,119,097 shares of the semiconductor company’s stock valued at $130,685,000 after buying an additional 7,552 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Diodes by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock worth $117,636,000 after buying an additional 163,374 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DIOD shares. Truist Financial dropped their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. Benchmark cut their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th.

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.