Diodes Incorporated $DIOD Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 8.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335,740 shares of the semiconductor company’s stock after selling 31,566 shares during the quarter. Diodes comprises 1.6% of Tributary Capital Management LLC’s portfolio, making the stock its 24th largest position. Tributary Capital Management LLC owned approximately 0.72% of Diodes worth $17,757,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Diodes by 2.6% during the first quarter. Principal Financial Group Inc. now owns 230,728 shares of the semiconductor company’s stock valued at $9,961,000 after buying an additional 5,931 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Diodes by 19.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company’s stock valued at $810,000 after buying an additional 3,092 shares in the last quarter. Parallel Advisors LLC raised its stake in Diodes by 52.0% during the second quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 259 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Diodes by 283.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Diodes by 13.1% during the 1st quarter. Hsbc Holdings PLC now owns 8,094 shares of the semiconductor company’s stock worth $344,000 after purchasing an additional 935 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

DIOD has been the topic of a number of research reports. Zacks Research upgraded Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Diodes in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.00.

Diodes Stock Performance

Shares of NASDAQ DIOD opened at $56.25 on Thursday. The stock has a fifty day moving average price of $53.84 and a two-hundred day moving average price of $49.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. The firm has a market cap of $2.61 billion, a P/E ratio of 41.06 and a beta of 1.63. Diodes Incorporated has a 1 year low of $32.93 and a 1 year high of $67.40.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $350.37 million during the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%. Research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total transaction of $111,800.00. Following the completion of the sale, the chief financial officer directly owned 48,777 shares of the company’s stock, valued at $2,726,634.30. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total value of $56,360.00. Following the sale, the senior vice president directly owned 59,479 shares of the company’s stock, valued at approximately $3,352,236.44. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Diodes 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.