Tributary Capital Management LLC Raises Holdings in Diodes Incorporated (NASDAQ:DIOD)

Tributary Capital Management LLC raised its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 9.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 291,037 shares of the semiconductor company's stock after purchasing an additional 25,259 shares during the period. Tributary Capital Management LLC owned about 0.63% of Diodes worth $18,653,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Diodes by 66.5% in the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 181 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Diodes by 2.7% in the second quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company's stock valued at $583,000 after buying an additional 210 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Diodes by 5.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,245 shares of the semiconductor company's stock valued at $299,000 after buying an additional 224 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Diodes by 1.9% in the second quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company's stock valued at $925,000 after buying an additional 236 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its stake in shares of Diodes by 2.5% in the second quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company's stock valued at $728,000 after buying an additional 250 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Diodes

In other news, SVP Emily Yang sold 1,272 shares of the company's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the transaction, the senior vice president now directly owns 29,028 shares of the company's stock, valued at approximately $2,094,660.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Brett R. Whitmire sold 1,900 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the sale, the chief financial officer now directly owns 46,365 shares of the company's stock, valued at approximately $3,245,086.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Emily Yang sold 1,272 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the sale, the senior vice president now directly owns 29,028 shares of the company's stock, valued at $2,094,660.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is currently owned by corporate insiders.

Diodes Stock Down 1.8 %

DIOD traded down $1.16 on Monday, hitting $63.50. 339,058 shares of the company were exchanged, compared to its average volume of 345,031. Diodes Incorporated has a twelve month low of $58.50 and a twelve month high of $86.74. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 17.62 and a beta of 1.32. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $63.90 and a two-hundred day moving average price of $69.70.

Diodes (NASDAQ:DIOD - Get Free Report) last released its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $319.80 million during the quarter, compared to analysts' expectations of $316.12 million. Diodes had a return on equity of 5.76% and a net margin of 7.12%. Diodes's revenue for the quarter was down 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. On average, equities analysts predict that Diodes Incorporated will post 1.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIOD. Truist Financial dropped their price objective on Diodes from $74.00 to $69.00 and set a "hold" rating for the company in a research note on Friday, August 9th. StockNews.com cut Diodes from a "hold" rating to a "sell" rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Diodes presently has a consensus rating of "Hold" and an average price target of $73.20.

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.