Diodes Incorporated (DIOD) Short Interest Up 54.0% in November

Diodes Incorporated (NASDAQ:DIOD) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 1,732,713 shares, a growth of 54.0% from the November 15th total of 1,125,398 shares. Based on an average daily volume of 312,741 shares, the days-to-cover ratio is currently 5.5 days. Approximately 4.5% of the company’s stock are short sold.

Diodes (NASDAQ DIOD) opened at $28.90 on Monday. The stock has a market capitalization of $1,420.00, a PE ratio of 26.27 and a beta of 1.15. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34. Diodes has a fifty-two week low of $22.06 and a fifty-two week high of $35.36.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $285.20 million during the quarter, compared to analysts’ expectations of $281.66 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. sell-side analysts expect that Diodes will post 1.35 earnings per share for the current year.

A number of analysts have commented on the company. Sidoti raised Diodes from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday. They noted that the move was a valuation call. BidaskClub cut Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Benchmark cut Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Zacks Investment Research raised Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a report on Tuesday, October 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.

In other Diodes news, Director C H. Chen sold 30,000 shares of Diodes stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $29.25, for a total transaction of $877,500.00. Following the completion of the sale, the director now owns 479,979 shares of the company’s stock, valued at approximately $14,039,385.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Keh Shew Lu sold 69,983 shares of Diodes stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $31.20, for a total value of $2,183,469.60. The disclosure for this sale can be found here. Insiders sold a total of 477,486 shares of company stock valued at $14,707,920 in the last three months. Insiders own 7.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Diodes by 230.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,850 shares of the semiconductor company’s stock valued at $863,000 after buying an additional 20,117 shares during the period. Algert Global LLC lifted its holdings in shares of Diodes by 21.0% in the 3rd quarter. Algert Global LLC now owns 106,479 shares of the semiconductor company’s stock valued at $3,187,000 after buying an additional 18,511 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of Diodes in the 3rd quarter valued at about $250,000. California Public Employees Retirement System lifted its holdings in shares of Diodes by 5.6% in the 3rd quarter. California Public Employees Retirement System now owns 58,508 shares of the semiconductor company’s stock valued at $1,751,000 after buying an additional 3,108 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Diodes by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,475,574 shares of the semiconductor company’s stock valued at $104,023,000 after purchasing an additional 227,672 shares in the last quarter. 74.74% of the stock is owned by institutional investors and hedge funds.

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About Diodes

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

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