Diodes (DIOD) Acquisition of BCD (BCDS) to Create Cross-Selling Opportunites

Last week Diodes (NASDAQ: DIOD) announced it would acquire BCD Semiconductor (NASDAQ: BCDS) for $151 million.

Commenting on developments, analyst Vernon Essi said, "This acquisition makes perfect sense in our view, having recently visited both BCD's headquarters in Shanghai as well as DIOD's back-end facilities in Shanghai; it is easy to see the potential for operational leverage."

"The acquisition poses great cross-selling opportunities, in our view, as DIOD will strengthen its analog portfolio with linear and power management offerings, specifically in the AC/DC area," he added.

Needham & Company has a Hold rating on Diodes.

For an analyst ratings summary and ratings history on Diodes (NASDAQ: DIOD) click here. For more ratings news on Diodes click here.

Shares of Diodes closed at $17.35 yesterday.

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