Tributary Capital Management LLC Has $17.07 Million Stock Position in Diodes Incorporated $DIOD

Tributary Capital Management LLC grew its position in Diodes Incorporated (NASDAQ:DIOD) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 346,023 shares of the semiconductor company’s stock after purchasing an additional 22,903 shares during the period. Diodes comprises approximately 1.7% of Tributary Capital Management LLC’s holdings, making the stock its 24th largest holding. Tributary Capital Management LLC’s holdings in Diodes were worth $17,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in shares of Diodes by 27.0% during the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock worth $7,763,000 after purchasing an additional 31,013 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Diodes by 178,733.7% during the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock worth $19,508,000 after purchasing an additional 366,404 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Diodes during the third quarter worth approximately $7,393,000. JPMorgan Chase & Co. boosted its holdings in shares of Diodes by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after purchasing an additional 153,905 shares during the period. Finally, Hodges Capital Management Inc. acquired a new stake in shares of Diodes during the third quarter worth approximately $1,968,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Keh Shew Lu sold 111,000 shares of Diodes stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $67.76, for a total value of $7,521,360.00. Following the transaction, the director owned 180,131 shares of the company’s stock, valued at $12,205,676.56. This trade represents a 38.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $50,505.50. Following the completion of the transaction, the chief financial officer directly owned 67,141 shares in the company, valued at approximately $4,085,529.85. This represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 116,205 shares of company stock valued at $7,837,213. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Benchmark raised their price target on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Truist Financial upgraded shares of Diodes from a “hold” rating to a “buy” rating and raised their price target for the stock from $67.00 to $98.00 in a report on Monday, April 13th. Weiss Ratings raised shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Finally, Robert W. Baird raised their price objective on shares of Diodes from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Diodes has an average rating of “Moderate Buy” and an average target price of $92.67.

Diodes Price Performance

Shares of DIOD opened at $94.84 on Friday. The firm has a market cap of $4.36 billion, a PE ratio of 66.79 and a beta of 1.58. The firm’s 50 day moving average price is $70.93 and its 200 day moving average price is $58.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 3.32. Diodes Incorporated has a twelve month low of $33.53 and a twelve month high of $98.18.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The firm had revenue of $391.58 million for the quarter, compared to analyst estimates of $380.03 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, research analysts expect that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

About Diodes

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.