Diodes (DIOD): A Record Quarter Near the Trend Line

Diodes manufactures the “building blocks” of electronics—diodes, transistors, and power management chips—which are found in nearly every car, server, and charger. Over the past year, the stock has risen 56.6%; the company reported record quarterly revenue, completed the acquisition of a developer of test equipment chips, and issued zero-coupon convertible bonds. Let’s break down what’s already priced in and what to watch for next.