On July 24, Monolithic Power fell 3.01% in regular trading, trading at $1,348.27/share, with turnover of $78.13 million.
On the news front, the broader semiconductor sector experienced a collective pullback, dragging down Monolithic Power alongside peers. Within the sector, SK hynix fell 6.85%, Micron Technology fell 6.07%, Intel fell 4.01%, Advanced Micro Devices fell 2.91%, and NVIDIA fell 0.64%, with the sector broadly under pressure. The stock has now declined for consecutive trading sessions due to industry-wide sentiment weakness.
The company is scheduled to report second quarter results on July 30. Market consensus expects earnings per share of $4.84, up from $4.11 in the prior quarter. Analysts maintain an average target price of $1,795.45, implying approximately 33% upside from current levels, with overall institutional sentiment remaining overweight ahead of the earnings release.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)