Short Interest Runner: Could Diodes Incorporated (NASDAQ:DIOD) Change Direction After More Shorts?

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Runner: Could Diodes Incorporated (NASDAQ:DIOD) Change Direction After More Shorts?

The stock of Diodes Incorporated (NASDAQ:DIOD) registered an increase of 4.51% in short interest. DIOD’s total short interest was 1.11M shares in December as published by FINRA. Its up 4.51% from 1.06M shares, reported previously. With 66,300 shares average volume, it will take short sellers 17 days to cover their DIOD’s short positions. The short interest to Diodes Incorporated’s float is 2.91%. About 13,318 shares traded hands. Diodes Incorporated (NASDAQ:DIOD) has risen 30.77% since April 28, 2016 and is uptrending. It has outperformed by 24.85% the S&P500.

Diodes Incorporated is a global 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 has a market cap of $1.18 billion. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors ; 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. It has a 121.48 P/E ratio.

Insitutional Activity: The institutional sentiment increased to 1.76 in Q2 2016. Its up 0.42, from 1.34 in 2016Q1. The ratio improved, as 10 funds sold all Diodes Incorporated shares owned while 34 reduced positions. 16 funds bought stakes while 43 increased positions. They now own 36.88 million shares or 6.45% more from 34.65 million shares in 2016Q1.
The Massachusetts-based Alpha Windward Ltd Co has invested 0.31% in Diodes Incorporated (NASDAQ:DIOD). Moreover, Bank & Trust Of Ny Mellon has 0% invested in Diodes Incorporated (NASDAQ:DIOD) for 406,203 shares. Walleye Trading Ltd Limited Liability Company holds 0% of its portfolio in Diodes Incorporated (NASDAQ:DIOD) for 847 shares. State Street Corp accumulated 0% or 785,786 shares. Goldman Sachs Group Incorporated Inc holds 24,217 shares or 0% of its portfolio. Hotchkis Wiley Capital Mgmt Limited Liability holds 0.14% of its portfolio in Diodes Incorporated (NASDAQ:DIOD) for 1.74 million shares. Pub Employees Retirement Association Of Colorado owns 10,957 shares or 0% of their US portfolio. Northern Tru Corporation accumulated 721,686 shares or 0% of the stock. Blackrock Grp Incorporated Ltd holds 0% of its portfolio in Diodes Incorporated (NASDAQ:DIOD) for 55,902 shares. State Board Of Administration Of Florida Retirement holds 32,013 shares or 0% of its portfolio. Bridgeway Mgmt Inc holds 0.04% of its portfolio in Diodes Incorporated (NASDAQ:DIOD) for 149,799 shares. Ls Inv Lc, a Michigan-based fund reported 1,300 shares. Fmr, a Massachusetts-based fund reported 616,800 shares. Pzena Invest Management Ltd Co last reported 0.19% of its portfolio in the stock. Argentus Capital Ltd, a Texas-based fund reported 6,917 shares.

Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 9 sales for $607,333 net activity. 8,969 shares were sold by LU KEH SHEW, worth $152,060. 2,200 shares with value of $52,796 were sold by STICH JOHN M on Wednesday, November 23. 2,750 shares were sold by White Richard Dallas, worth $46,530 on Tuesday, July 5. Shares for $42,300 were sold by Tang Francis. BELTRAN CLEMENTE sold $3,746 worth of stock. On Tuesday, July 5 the insider Holland Julie sold $29,610.

Diodes Incorporated (NASDAQ:DIOD) Ratings Coverage

Out of 2 analysts covering Diodes (NASDAQ:DIOD), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Diodes has been the topic of 5 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Topeka Capital Markets maintained the stock with “Buy” rating in Friday, November 6 report. The stock has “Buy” rating given by Topeka Capital Markets on Friday, August 7. Robert W. Baird upgraded it to “Outperform” rating and $28 target price in Friday, September 4 report. Zacks downgraded Diodes Incorporated (NASDAQ:DIOD) on Wednesday, August 12 to “Hold” rating.

DIOD Company Profile

Diodes Incorporated, incorporated on July 29, 1968, is a global maker 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 product portfolio addresses the design needs of various electronic equipment, including consumer electronic devices, such as digital media players, smartphones, tablets, notebook computers, flat-panel displays, mobile handsets, digital cameras and set-top boxes. The Company’s products are sold primarily across Asia, North America and Europe. The Company’s design, marketing and engineering centers are located in Plano; Milpitas, California; San Jose, California; Taipei, Taiwan; Taoyuan city, Taiwan; Zhubei City, Taiwan; Jinan, China; Manchester, the United Kingdom, and Neuhaus, Germany. It has assembly and test facilities located in Shanghai, Jinan, Chengdu and Yangzhou, China, as well as assembly and test facilities located in Hong Kong, Neuhaus and in Taipei. The Firm also holds interests in Pericom Semiconductor Corporation (Pericom). Pericom designs, develops and markets integrated circuits (ICs) and frequency control products (FCPs).

More important recent Diodes Incorporated (NASDAQ:DIOD) news were published by: Businesswire.com which released: “Diodes Incorporated Completes Acquisition of Pericom Semiconductor” on November 25, 2015, also Businesswire.com published article titled: “Diodes Incorporated to Present at the Drexel Hamilton Telecom, Media and …”, Businesswire.com published: “Diodes Incorporated Reports Third Quarter 2016 Financial Results” on November 09, 2016. More interesting news about Diodes Incorporated (NASDAQ:DIOD) was released by: Businesswire.com and their article: “Diodes Incorporated to Present at the Bernstein Technology Innovation Summit …” with publication date: March 31, 2016.

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By Winifred Garcia


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