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Why Diodes Stock Is Skyrocketing Today

TheMotleyFool 
0 0 11.02.26
Why Diodes Stock Is Skyrocketing TodayPhoto, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D
 

(NASDAQ: DIOD) stock is roaring higher on Wednesday following the publication of the company's fourth-quarter results. The company's share price was up 27.4% as of 3:30 p.m. ET.

Diodes published its Q4 results after yesterday's market close, posting sales and earnings that handily topped Wall Street's forecasts. In addition to the Q4 beats, the company issued strong forward guidance and set three-year performance targets.

Image source: Getty Images.

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Source Fool.com

Diodes Inc. Stock

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-0.620%
Diodes Inc. shows a slight decrease today, losing -€0.500 (-0.620%) compared to yesterday.
Our community is currently high on Diodes Inc. with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 100 € shows a positive potential of 25.0% compared to the current price of 80.0 € for Diodes Inc..
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