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

State of New Jersey Common Pension Fund D raised its holdings in shares of Diodes Incorporated (NASDAQ:DIODGet Rating) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,799 shares of the semiconductor company’s stock after acquiring an additional 1,794 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Diodes were worth $1,989,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DIOD. BlackRock Inc. boosted its holdings in Diodes by 2.1% in the first quarter. BlackRock Inc. now owns 7,095,551 shares of the semiconductor company’s stock valued at $617,241,000 after purchasing an additional 147,907 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Diodes by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 5,051,314 shares of the semiconductor company’s stock valued at $439,414,000 after buying an additional 88,870 shares in the last quarter. State Street Corp grew its position in shares of Diodes by 3.0% in the 1st quarter. State Street Corp now owns 1,845,937 shares of the semiconductor company’s stock valued at $160,578,000 after buying an additional 52,969 shares during the last quarter. LSV Asset Management raised its stake in Diodes by 28.5% during the 1st quarter. LSV Asset Management now owns 1,760,975 shares of the semiconductor company’s stock worth $153,187,000 after acquiring an additional 390,872 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Diodes by 5.3% in the first quarter. Bank of America Corp DE now owns 1,591,538 shares of the semiconductor company’s stock valued at $138,447,000 after acquiring an additional 80,081 shares during the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

Diodes Trading Down 3.5 %

Shares of DIOD stock opened at $72.63 on Thursday. The company has a market capitalization of $3.30 billion, a P/E ratio of 11.58 and a beta of 1.29. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $68.99 and its two-hundred day moving average is $71.83. Diodes Incorporated has a twelve month low of $58.52 and a twelve month high of $113.98.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $83.11, for a total value of $249,330.00. Following the transaction, the chief executive officer now directly owns 75,183 shares of the company’s stock, valued at approximately $6,248,459.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DIOD. Robert W. Baird cut their target price on Diodes from $130.00 to $100.00 in a research report on Tuesday. Cowen lifted their price target on Diodes to $95.00 in a research report on Tuesday, August 9th. Wells Fargo & Company increased their price objective on Diodes from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday. StockNews.com raised shares of Diodes from a “hold” rating to a “buy” rating in a report on Monday. Finally, Benchmark decreased their price target on shares of Diodes from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday.

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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