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

Diodes (NASDAQ:DIOD) opened at $28.22 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 3.12. The company has a market cap of $1,380.00, a price-to-earnings ratio of 25.06 and a beta of 1.15. Diodes has a 12-month low of $22.06 and a 12-month high of $35.36.

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

In related news, VP Shiao Kwang Edmund Tang sold 27,877 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $30.29, for a total value of $844,394.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C H. Chen sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were 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 disclosure for this sale can be found here. In the last quarter, insiders sold 477,486 shares of company stock valued at $14,707,920. 7.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in DIOD. SG Americas Securities LLC purchased a new position in shares of Diodes in the 3rd quarter valued at about $167,000. Crossmark Global Holdings Inc. purchased a new position in shares of Diodes in the 3rd quarter valued at about $206,000. Piedmont Investment Advisors LLC purchased a new position in shares of Diodes in the 3rd quarter valued at about $250,000. Virtu KCG Holdings LLC increased its holdings in shares of Diodes by 8.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 815 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new position in shares of Diodes in the 2nd quarter valued at about $265,000. Institutional investors and hedge funds own 74.74% of the company’s stock.

A number of equities analysts have commented on DIOD shares. Sidoti started coverage on shares of Diodes in a research report on Thursday, September 21st. They set a “neutral” rating and a $32.00 price objective for the company. Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and set a $37.00 price objective on shares of Diodes in a research report on Tuesday, October 17th. Benchmark downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Diodes presently has an average rating of “Hold” and a consensus price target of $35.67.

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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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