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

Tributary Capital Management LLC grew its stake in Diodes Incorporated (NASDAQ:DIOD) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,624 shares of the semiconductor company’s stock after acquiring an additional 587 shares during the period. Tributary Capital Management LLC owned 0.63% of Diodes worth $17,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DIOD. Wedge Capital Management L L P NC raised its position in Diodes by 14.4% in 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 purchasing an additional 8,355 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Diodes during the fourth quarter worth $3,027,000. JPMorgan Chase & Co. boosted its holdings in 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 boosted its holdings in Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after acquiring an additional 43,841 shares during the last quarter. Finally, Barclays PLC raised its holdings in Diodes by 361.1% during the 3rd quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock worth $5,114,000 after purchasing an additional 62,492 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Trading Down 1.1 %

Shares of NASDAQ DIOD opened at $60.66 on Friday. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 45.95 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average is $62.31 and its 200-day moving average is $65.09.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on DIOD shares. Benchmark reduced their target price 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. Truist Financial lowered their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th. Finally, StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Diodes has a consensus rating of “Hold” and a consensus price target of $72.80.

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.