On August 4, Monolithic Power rose 3.03% in pre-market trading, trading at $1,382.54/share, with turnover of $2.2517 million.
On the news front, the semiconductor sector staged a broad rebound following the prior session's collective sell-off, lifting individual stocks across the industry. Among sector peers, Intel rose 4.4%, Advanced Micro Devices rose 4.14%, Micron Technology rose 3.56%, Broadcom rose 1.84%, and NVIDIA rose 0.9%, indicating widespread recovery momentum.
Fundamental support remains robust. The company's Q2 results, reported on July 30, significantly exceeded expectations, with revenue of $980.6 million versus the $903.3 million consensus and adjusted EPS of $6.50 versus the $5.87 estimate. Q3 revenue guidance of $1.14 billion to $1.16 billion also came in well above the $986.8 million market consensus. Wells Fargo subsequently raised its price target to $1,800 from $1,700, maintaining an Overweight rating, with the average analyst price target standing at $1,823.67.
(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.)
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