Diodes Incorporated (NASDAQ:DIOD) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,376 shares of the semiconductor company’s stock after acquiring an additional 9,970 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of Diodes worth $2,367,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Diodes in the 3rd quarter valued at about $29,000. KBC Group NV raised its holdings in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 368 shares during the last quarter. Quest Partners LLC acquired a new stake in Diodes in the 3rd quarter valued at about $184,000. EP Wealth Advisors LLC acquired a new stake in Diodes in the 3rd quarter valued at about $260,000. Finally, Blue Trust Inc. raised its holdings in Diodes by 11.8% in the 3rd quarter. Blue Trust Inc. now owns 4,817 shares of the semiconductor company’s stock valued at $309,000 after acquiring an additional 510 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Performance

Diodes stock opened at $56.95 on Friday. The firm has a 50 day simple moving average of $60.05 and a 200-day simple moving average of $61.91. Diodes Incorporated has a 1-year low of $50.26 and a 1-year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 59.95 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. On average, analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Buying and Selling

In related news, SVP Emily Yang sold 950 shares of the 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 $53,238.00. Following the completion of the transaction, the senior vice president now owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Gary Yu sold 2,900 shares of the 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 $162,516.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,680 shares of company stock valued at $262,267. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

DIOD has been the subject of a number of recent research reports. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark dropped their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Truist Financial dropped their price target on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th.

Diodes Profile

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.