California Public Employees Retirement System Sells 7,695 Shares of Diodes Incorporated (NASDAQ:DIOD)

California Public Employees Retirement System trimmed its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,003 shares of the semiconductor company's stock after selling 7,695 shares during the quarter. California Public Employees Retirement System owned approximately 0.13% of Diodes worth $3,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DIOD. Vanguard Group Inc. raised its position in Diodes by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company's stock worth $364,517,000 after purchasing an additional 102,263 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Diodes by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after acquiring an additional 163,374 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Diodes by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock worth $81,154,000 after purchasing an additional 43,841 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Diodes by 9.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company's stock worth $42,382,000 after acquiring an additional 61,139 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Diodes by 7.9% in the 4th quarter. Sei Investments Co. now owns 608,535 shares of the semiconductor company's stock valued at $37,528,000 after purchasing an additional 44,387 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares of the company's stock, valued at $2,887,461. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Gary Yu sold 2,900 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now owns 79,697 shares in the company, valued at $4,466,219.88. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,680 shares of company stock worth $262,267. Insiders own 2.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Baird R W raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Truist Financial lowered their target price on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a report on Wednesday, February 12th. Benchmark reduced their target price on shares of Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Finally, Robert W. Baird upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price target on the stock in a research note on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

Diodes Price Performance

Shares of Diodes stock traded up $0.59 during midday trading on Monday, hitting $36.20. 14,464 shares of the company traded hands, compared to its average volume of 546,355. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $86.74. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 38.12 and a beta of 1.43. 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 firm's fifty day moving average price is $47.37 and its 200-day moving average price is $56.91.

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 net margin of 3.36% and a return on equity of 3.28%. As a group, sell-side analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current year.

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.