Shares of the company are trading at $34.34 quite a bit above $31.04, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $27.04. The 50 day moving average went up $3.30 or +10.64% and the 200 day average went up $7.30 or +27.00%. Trading volume for Diodes Incorporated was 307K on Tuesday. Overall, volume was up 1.08% over the stocks normal daily volume.
Investors are feeling more bearish recently at least if you consider the motion in short interest. The firm had a rise in short interest of 13.86% as of the latest report on October 13, 2017. Short shares increased from 733,882 to 835,610 over that period. The days to cover decreased to 3.0 and the percentage of shorted shares is 0.02% as of October 13.
Diodes Incorporated (NASDAQ:DIOD) has been the object of insider selling activity recently. Clemente Beltran, VP disclosed the sale of 2,325 shares of (DIOD). The shares were sold on October 10th for an average price of $31.40. Beltran now owns $338,743 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. Tang now owns $1,920,112 of stock per an SEC filing yesterday.
C. H. Chen, Director sold $877,500 worth of shares at an average price of $29.25 on Wed the 27th. That brings the Director’s holdings to $13,600,636 as recorded in a recent Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of quarter end First Trust Advisors Lp had sold a total of 1,076 shares trimming its stake by 2.1%. The value of the total investment in Diodes Incorporated increased from $1,239,000 to $1,510,000 a change of 21.9% since the last quarter. Nationwide Fund Advisors divested its stake by shedding 1,502 shares a decrease of 2.0% in the quarter. Nationwide Fund Advisors now holds 72,308 shares valued at $2,164,000. The value of the position overall is up by 22.0%.
As of the end of the quarter Victory Capital Management Inc had disposed of 153,326 shares trimming its position 4.5%. The value of the investment in (DIOD) went from $82,322,000 to $97,945,000 increasing 19.0% quarter to quarter. Aperio Group, LLC reduced its position by selling 571 shares a decrease of 3.7% from 06/30/2017 to 09/30/2017. Aperio Group, LLC claims 14,738 shares with a value of $441,000. The total value of its holdings increased 19.8%.
The P/E ratio is 65.04 and market cap is 1.69B. In the latest earnings report the EPS was $0.53 and is projected to be $1.31 for the current year with 49,073,000 shares outstanding. Next quarter’s EPS is estimated at $0.38 and the next full year EPS is anticipated to be $1.59.
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)..