State of New Jersey Common Pension Fund D Purchases 2,485 Shares of Diodes Incorporated (NASDAQ:DIOD)

State of New Jersey Common Pension Fund D increased its holdings in Diodes Incorporated (NASDAQ:DIOD) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,406 shares of the semiconductor company’s stock after purchasing an additional 2,485 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Diodes worth $1,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DIOD. Vanguard Group Inc. increased its stake in shares of Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after buying an additional 132,101 shares during the period. Earnest Partners LLC increased its position in Diodes by 1.4% during the 2nd quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock valued at $184,946,000 after purchasing an additional 36,390 shares during the period. Dimensional Fund Advisors LP raised its holdings in Diodes by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Diodes by 0.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock worth $61,230,000 after purchasing an additional 4,615 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Diodes by 5.7% during the 2nd quarter. Sei Investments Co. now owns 783,448 shares of the semiconductor company’s stock valued at $56,353,000 after purchasing an additional 42,192 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Up 1.6 %

Shares of NASDAQ:DIOD opened at $53.84 on Tuesday. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $61.77 and a two-hundred day simple moving average of $68.56. Diodes Incorporated has a 12-month low of $52.71 and a 12-month high of $86.74. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 40.79 and a beta of 1.32.

Analysts Set New Price Targets

DIOD has been the subject of a number of research reports. Truist Financial decreased their price target on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Benchmark lowered their target price on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.80.

Insider Activity

In related news, SVP Emily Yang sold 1,272 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the sale, the senior vice president now owns 29,028 shares of the company’s stock, valued at $2,094,660.48. This trade represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the transaction, the chief financial officer now directly owns 46,365 shares in the company, valued at $3,245,086.35. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,172 shares of company stock worth $295,249 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

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.