State of New Jersey Common Pension Fund D Raises Stake in Diodes Incorporated (NASDAQ:DIOD)

State of New Jersey Common Pension Fund D boosted its position in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,376 shares of the semiconductor company's stock after purchasing an additional 9,970 shares during the period. State of New Jersey Common Pension Fund D owned 0.08% of Diodes worth $2,367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position in Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company's stock valued at $370,769,000 after acquiring an additional 947,118 shares during the period. Victory Capital Management Inc. increased its holdings in Diodes by 130.9% in the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company's stock valued at $111,782,000 after purchasing an additional 988,671 shares during the period. Geode Capital Management LLC lifted its stake in shares of Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock worth $81,154,000 after acquiring an additional 43,841 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Diodes by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company's stock worth $40,127,000 after purchasing an additional 31,089 shares during the period. Finally, Tributary Capital Management LLC lifted its holdings in Diodes by 9.5% in the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company's stock valued at $18,653,000 after buying an additional 25,259 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DIOD has been the subject of several research analyst reports. Benchmark lowered their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Truist Financial lowered their target price on Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, February 12th. Finally, StockNews.com upgraded Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th.

Diodes Stock Down 1.5 %

Shares of NASDAQ DIOD traded down $0.84 during trading on Friday, hitting $56.12. 390,239 shares of the company traded hands, compared to its average volume of 472,342. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The business's fifty day moving average is $60.05 and its 200 day moving average is $61.91. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 59.07 and a beta of 1.31. Diodes Incorporated has a fifty-two week low of $50.26 and a fifty-two week high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Equities research analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $53,238.00. Following the transaction, the senior vice president now owns 65,107 shares of the company's stock, valued at $3,648,596.28. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Gary Yu sold 2,900 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares of the company's stock, valued at $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 in the last ninety days. Corporate insiders own 2.30% of the company's stock.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.