Diodes Incorporated (NASDAQ:DIOD) Short Interest Up 18.7% in March

Diodes Incorporated (NASDAQ:DIOD) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,927,962 shares, an increase of 18.7% from the February 26th total of 1,624,400 shares. Currently, 4.3% of the company’s shares are short sold. Based on an average daily volume of 516,684 shares, the short-interest ratio is currently 3.7 days.

Analysts Set New Price Targets

Several brokerages have issued reports on DIOD. Benchmark increased their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings raised shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Zacks Research lowered Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Truist Financial increased their price objective on shares of Diodes from $54.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $65.67.

Diodes Stock Up 1.0%

Shares of NASDAQ DIOD opened at $68.92 on Thursday. Diodes has a 12-month low of $32.93 and a 12-month high of $81.71. The company has a current ratio of 3.32, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.16 billion, a PE ratio of 48.54 and a beta of 1.57. The company has a 50-day moving average of $65.43 and a 200 day moving average of $56.50.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The firm had revenue of $391.58 million for the quarter, compared to the consensus estimate of $380.03 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts predict that Diodes will post 1.82 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gary Yu sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $176,465.00. Following the transaction, the chief executive officer directly owned 111,671 shares of the company’s stock, valued at approximately $6,795,180.35. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $50,505.50. Following the transaction, the chief financial officer owned 67,141 shares in the company, valued at $4,085,529.85. The trade was a 1.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 116,205 shares of company stock worth $7,837,213 over the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Diodes

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors increased its position in shares of Diodes by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock valued at $241,000 after acquiring an additional 145 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Diodes by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock worth $416,000 after acquiring an additional 186 shares during the period. Arizona State Retirement System increased its holdings in Diodes by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 189 shares during the period. Farther Finance Advisors LLC raised its holdings in Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Diodes by 2.2% in the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock valued at $449,000 after purchasing an additional 200 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.