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Updated from 11:47 a.m.
Chipmakers grabbed the tech sector's center stage Tuesday, as several companies, including Texas Instruments(TXN Quote), moved after updating their financial guidance.
Diodes(DIOD Quote) rose 5.4% after the chipmaker lifted its second-quarter revenue guidance. The company now sees sequential revenue growth of 3% to 5%, up from an earlier view of 2% to 5%.
The new guidance represents year-over-year revenue growth of 14% to 17%. Diodes posted revenue of $82.7 million during last year's second quarter, which implies revenue of $94.3 million to $96.8 million for this year's second quarter. Analysts polled by Thomson Financial project revenue of $95.2 million. Shares closed up $1.94 to $37.92. ...
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