On June 1, Monolithic Power Systems rose 6.81% in pre-market trading, trading at $1,607.0/share, with trading volume of approximately $1.4 million.
On the news front, the broader semiconductor sector continued to strengthen, with NVIDIA up 1.95%, Micron Technology up 3.16%, and Broadcom up 2.4%, creating a significant sector linkage effect that lifted the stock. Meanwhile, the power management IC price increase wave continues to intensify, with major players including Texas Instruments, NXP, MPS, and MediaTek subsidiary Richtek planning to raise product prices from June through July. MPS issued a formal price increase notice in March and plans to further expand the scope of price adjustments in July, with second-half earnings improvement expectations sustaining bullish market sentiment.
Additionally, the company reported strong Q1 results with adjusted EPS of $5.10 beating expectations and revenue of $804 million representing 26.24% year-over-year growth, providing solid fundamental support for continued share price recovery.
(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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