On July 30, Monolithic Power rose 3.14% overnight, trading at $1,287.98/share, with turnover of $425,400.
On the news front, the semiconductor sector staged a broad rebound, directly lifting the stock. Within the sector, Advanced Micro Devices rose 2.31%, SK hynix rose 2.02%, Micron Technology rose 1.94%, Intel rose 1.53%, and NVIDIA rose 1.28%, relieving multi-day selling pressure that had weighed on the group.
Simultaneously, the company is scheduled to report Q2 results after market close today. Consensus estimates project revenue of approximately $902 million, representing 38.62% year-over-year growth, with adjusted EPS of $5.87, up 42.57% year-over-year. Oppenheimer recently noted that AI-heavy enterprise data and communications segments could drive a Q2 beat with upside to Q3 guidance, reiterating an outperform rating and $1,700 price target. The institutional average target price stands at $1,795.45, with the majority maintaining bullish outlooks.
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