Tributary Capital Management LLC Has $17.98 Million Stake in Diodes Incorporated (NASDAQ:DIOD)

Tributary Capital Management LLC lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,624 shares of the semiconductor company’s stock after buying an additional 587 shares during the period. Tributary Capital Management LLC’s holdings in Diodes were worth $17,984,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedge Capital Management L L P NC grew its stake in shares of Diodes by 14.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 66,550 shares of the semiconductor company’s stock worth $4,104,000 after acquiring an additional 8,355 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Diodes in the 4th quarter valued at about $3,027,000. JPMorgan Chase & Co. increased its position in shares of Diodes by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock valued at $14,532,000 after acquiring an additional 58,597 shares during the last quarter. Geode Capital Management LLC raised its holdings in Diodes by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after acquiring an additional 43,841 shares in the last quarter. Finally, Barclays PLC boosted its position in Diodes by 361.1% during the third quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 62,492 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Price Performance

NASDAQ:DIOD opened at $60.66 on Friday. The firm’s fifty day moving average price is $62.31 and its two-hundred day moving average price is $65.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The company has a market cap of $2.81 billion, a P/E ratio of 45.95 and a beta of 1.32. Diodes Incorporated has a one year low of $52.71 and a one year high of $86.74.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. Diodes had a net margin of 4.72% and a return on equity of 3.90%. The firm had revenue of $350.08 million during the quarter, compared to the consensus estimate of $346.30 million. During the same period last year, the business posted $1.13 earnings per share. Equities analysts expect that Diodes Incorporated will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Diodes Company Profile

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.