Diodes narrows Q4 revenue view to $220M-$228M from $217M-$231M Q4 consensus $224.46M. Diodes is maintaining its guidance for gross profit margin to be 31.6%, plus or minus 2%, operating expenses to be approximately 22.2% of revenue, plus or minus 1%, income tax rate to be 25%, plus or minus 3%, and shares used to calculate GAAP earnings per share to be approximately 49M.
Broadcom price target raised to $52 from $48 at Oppenheimer Oppenheimer raised its price target on Broadcom as the firm believes that the tone at the company's Analyst Day was positive. The firm thinks the company's networking unit looks poised for further share gains at Marvell's (MRVL) expense. Oppenheimer continues to recommend buying the stock.