Tributary Capital Management LLC Has $15.86 Million Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Tributary Capital Management LLC grew its position in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 26.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,306 shares of the semiconductor company's stock after acquiring an additional 75,682 shares during the period. Tributary Capital Management LLC owned about 0.79% of Diodes worth $15,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Diodes by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company's stock valued at $364,517,000 after acquiring an additional 102,263 shares during the period. FMR LLC grew its position in shares of Diodes by 2.0% in the 4th quarter. FMR LLC now owns 5,902,006 shares of the semiconductor company's stock valued at $363,977,000 after acquiring an additional 116,872 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Diodes by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock valued at $138,053,000 after acquiring an additional 168,545 shares during the period. Earnest Partners LLC grew its position in shares of Diodes by 0.4% in the 4th quarter. Earnest Partners LLC now owns 2,119,097 shares of the semiconductor company's stock valued at $130,685,000 after acquiring an additional 7,552 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Diodes by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,283,794 shares of the semiconductor company's stock valued at $79,186,000 after acquiring an additional 17,742 shares during the period. Institutional investors own 99.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIOD shares. Benchmark reissued a "buy" rating and issued a $62.00 price objective (up previously from $55.00) on shares of Diodes in a research report on Friday, June 13th. Robert W. Baird raised shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price for the company in a report on Monday, April 7th. Finally, Baird R W raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Diodes Stock Performance

Shares of DIOD stock traded down $0.47 during midday trading on Friday, hitting $54.98. 304,397 shares of the company were exchanged, compared to its average volume of 450,327. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.11 and a current ratio of 3.43. The firm has a market capitalization of $2.55 billion, a P/E ratio of 99.96 and a beta of 1.46. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $84.90. The firm's 50 day moving average price is $50.74 and its two-hundred day moving average price is $49.68.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The firm had revenue of $332.11 million during the quarter, compared to the consensus estimate of $323.28 million. Diodes had a net margin of 1.90% and a return on equity of 3.04%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the semiconductor company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.