State of New Jersey Common Pension Fund D Buys 3,479 Shares of Diodes Incorporated (NASDAQ:DIOD)

State of New Jersey Common Pension Fund D increased its stake in Diodes Incorporated (NASDAQ:DIODGet Rating) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,005 shares of the semiconductor company’s stock after buying an additional 3,479 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Diodes worth $2,523,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Mutual of America Capital Management LLC lifted its position in Diodes by 2.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 6,150 shares of the semiconductor company’s stock worth $675,000 after buying an additional 154 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Diodes by 12.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,473 shares of the semiconductor company’s stock worth $161,000 after purchasing an additional 158 shares during the last quarter. Intrust Bank NA increased its stake in Diodes by 1.7% in the 4th quarter. Intrust Bank NA now owns 10,547 shares of the semiconductor company’s stock worth $1,158,000 after buying an additional 175 shares during the period. Signaturefd LLC lifted its holdings in Diodes by 157.7% during the 1st quarter. Signaturefd LLC now owns 286 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 175 shares in the last quarter. Finally, AE Wealth Management LLC boosted its position in Diodes by 2.9% in the 1st quarter. AE Wealth Management LLC now owns 6,764 shares of the semiconductor company’s stock valued at $588,000 after buying an additional 191 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Brett R. Whitmire sold 600 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total transaction of $36,000.00. Following the transaction, the chief financial officer now directly owns 27,125 shares in the company, valued at $1,627,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.60% of the company’s stock.

Diodes Price Performance

Shares of DIOD stock opened at $80.59 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.49 and a quick ratio of 1.69. The company has a market capitalization of $3.65 billion, a P/E ratio of 14.04 and a beta of 1.29. The company’s 50-day simple moving average is $70.20 and its two-hundred day simple moving average is $78.78. Diodes Incorporated has a one year low of $58.52 and a one year high of $113.98.

Diodes (NASDAQ:DIODGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The semiconductor company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.20. Diodes had a net margin of 13.98% and a return on equity of 21.94%. The firm had revenue of $482.10 million for the quarter, compared to the consensus estimate of $480.45 million. During the same period last year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, equities analysts anticipate that Diodes Incorporated will post 6.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DIOD shares. Wells Fargo & Company dropped their target price on shares of Diodes from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, July 11th. Truist Financial dropped their target price on shares of Diodes from $125.00 to $97.00 in a research note on Friday, April 8th.

About Diodes

(Get Rating)

Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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