Diodes Incorporated $DIOD Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC grew its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 92.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 646,240 shares of the semiconductor company’s stock after buying an additional 310,500 shares during the quarter. Diodes accounts for about 1.6% of Tributary Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Tributary Capital Management LLC owned about 1.39% of Diodes worth $34,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Diodes by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock valued at $7,739,000 after acquiring an additional 10,744 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Diodes during the third quarter worth $7,393,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Diodes by 51.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,304 shares of the semiconductor company’s stock worth $439,000 after acquiring an additional 2,806 shares during the last quarter. Parallel Advisors LLC boosted its position in Diodes by 52.0% during the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 259 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Diodes by 283.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 402 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Insider Activity

In related news, Director Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the transaction, the director owned 244,397 shares of the company’s stock, valued at approximately $11,589,305.74. The trade was a 2.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial raised their target price on Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Wall Street Zen cut Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diodes in a research note on Monday, December 29th. Finally, Zacks Research raised Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Diodes has a consensus rating of “Moderate Buy” and an average target price of $55.33.

Diodes Stock Down 2.0%

DIOD opened at $53.76 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.32. The business has a 50 day moving average price of $49.15 and a 200 day moving average price of $52.13. The firm has a market cap of $2.49 billion, a P/E ratio of 38.96 and a beta of 1.65. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $65.11.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The business had revenue of $350.37 million for the quarter. Diodes had a net margin of 4.49% and a return on equity of 2.81%. Research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.