AlphaCrest Capital Management LLC cut its holdings in Diodes Incorporated (NASDAQ:DIOD) by 62.8% during the 4th quarter, Holdings Channel reports. The firm owned 5,511 shares of the semiconductor company’s stock after selling 9,289 shares during the period. AlphaCrest Capital Management LLC’s holdings in Diodes were worth $311,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of Diodes by 14.7% in the fourth quarter. First Trust Advisors LP now owns 82,906 shares of the semiconductor company’s stock valued at $4,673,000 after purchasing an additional 10,623 shares during the last quarter. State Street Corp lifted its stake in shares of Diodes by 2.1% during the third quarter. State Street Corp now owns 1,483,533 shares of the semiconductor company’s stock valued at $59,564,000 after buying an additional 31,043 shares during the period. Squar Milner Financial Services LLC lifted its stake in shares of Diodes by 185.1% during the fourth quarter. Squar Milner Financial Services LLC now owns 1,873 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 1,216 shares during the period. Calamos Advisors LLC lifted its stake in shares of Diodes by 12.0% during the fourth quarter. Calamos Advisors LLC now owns 123,470 shares of the semiconductor company’s stock valued at $6,959,000 after buying an additional 13,252 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of Diodes by 1.2% during the third quarter. California State Teachers Retirement System now owns 63,989 shares of the semiconductor company’s stock valued at $2,569,000 after buying an additional 765 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.

Shares of DIOD opened at $33.12 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.01 and a current ratio of 2.84. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.23 and a beta of 1.39. The company’s 50 day simple moving average is $45.19 and its 200 day simple moving average is $46.67. Diodes Incorporated has a 1 year low of $30.51 and a 1 year high of $59.70.

Several equities analysts recently issued reports on DIOD shares. Wells Fargo & Co reduced their price objective on shares of Diodes from $64.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday. BidaskClub downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research note on Tuesday, February 18th. Zacks Investment Research downgraded shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 13th. Finally, ValuEngine raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Saturday, February 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.00.

In other Diodes news, VP Julie Holland sold 3,250 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $48.14, for a total transaction of $156,455.00. Following the transaction, the vice president now owns 67,235 shares of the company’s stock, valued at $3,236,692.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard Dallas White sold 33,102 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $48.44, for a total transaction of $1,603,460.88. Following the transaction, the insider now directly owns 36,551 shares in the company, valued at approximately $1,770,530.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,352 shares of company stock worth $2,000,616. 5.30% of the stock is currently owned by insiders.

VISHAY

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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