Sterne Agee Reports Demand Weakness From Diodes Consumers

According Sterne Agee, Diodes CBLI says it is seeing some demand weakness in the Analog Channel starting in May and the weakness from OEMs-Distributors has continued to date in June. Sterne Agee said that it believes the company feels this is just a minor correction in Semis and does not represent a greater downturn, and should see some potentially stronger late 2H, which is positive outlook for analog players. “We believe DIOD is adding capacity into C3Q but some of the rebound in worker productivity should help.” Diodes closed yesterday at $24.03.