The company is trading up by 1.95% percent from yesterday’s close. Shares last traded at $33.46 well above the 50 day moving average which is $29.95 and which is well above the 200 day moving average of $26.60. The 50 day moving average was up $3.51 whereas the 200 day average was up by +25.77%.
Traders are more bearish on shares of Diodes Incorporated recently if you look at the rise in short interest. The stock realized a rise in short interest of 0.21% as of September 29, 2017 from the last reporting period. Short interest increased from 732,309 to 733,882 over that timeframe. Days to cover decreased from 3.0 to 3.0 and the short interest percentage is 0.02% as of September 29.
Diodes Incorporated (NASDAQ:DIOD) has been the object of insider selling activity recently. C. H. Chen, Director reported the sale of 30,000 shares. The shares were sold on September 27th for an average price of $29.25. The Director now owns $13,600,636 of the stock according to the SEC filing. Francis Tang, VP,Worldwide Discrete Products sold $112,822 worth of shares at an average price of $29.69 on Wed the 27th. The VP,Worldwide Discrete Products now owns $1,920,112 of the stock as reported to the SEC.
VP Clemente Beltran disclosed the sale of 2,325 shares of (DIOD). The shares were purchased at an average price of $31.40. Beltran now owns $338,743 of the stock per the Form 4 SEC filing.
Diodes Incorporated, launched on July 29, 1968, 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 Business’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. Its products are sold primarily across Asia, North America and Europe. The Business’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 Company also holds interests in Pericom Semiconductor Corporation (Pericom). Pericom designs, develops and markets integrated circuits (ICs) and frequency control products (FCPs)..
These funds have shifted positions in (DIOD). State of Alaska, Department of Revenue added to its investment by buying 20 shares an increase of 0.3% from 06/30/2017 to 09/30/2017. State of Alaska, Department of Revenue now holds 7,562 shares worth $226,000. The total value of its holdings increased 24.9%. As of the end of the quarter Cutler Group LP had disposed of 900 shares trimming its holdings by 90.0%. The value of the investment in DIOD increased from $0 to $2,000 a change of inf% quarter over quarter.
Louisiana State Employees Retirement System cut its stake by selling 100 shares a decrease of 0.6% in the quarter. Louisiana State Employees Retirement System currently owns 15,500 shares with a value of $464,000. The value of the position overall is up by 23.7%. Meeder Asset Management Inc expanded its position by buying 674 shares an increase of 317.9%. Meeder Asset Management Inc claims 886 shares valued at $27,000. The total value of its holdings increased 440.0%.
The company’s P/E ratio is 63.37 and the market cap is 1.64B. As of the latest earnings report the EPS was $0.53 and is expected to be $1.31 for the current year with 49,073,000 shares now outstanding. Next quarter’s EPS is expected be $0.38 and the next full year EPS is anticipated to be $1.59.