Movement Alert｜Monolithic Power Rises 3.25% in Pre-Market Trading, Semiconductor Sector Rebounds Broadly

Market Focus09-17 20:34

On September 17, Monolithic Power rose 3.25% in pre-market trading, trading at $1,184.9/share, with turnover of $1.1184 million. The rebound came as the broader semiconductor sector staged a recovery following multiple sessions of selling pressure.

Within the Semiconductors sector, individual stocks posted widespread gains, with Advanced Micro Devices up 3.69%, Intel up 3.51%, Micron Technology up 2.61%, Broadcom up 2.27%, and NVIDIA up 2.07%. The sector-wide bounce helped lift Monolithic Power after the stock had declined approximately 9.88% through September and 6.24% over the prior five trading sessions, weighed down by both sector headwinds and uncertainty surrounding a Section 337 investigation filed by Vicor Corporation with the U.S. International Trade Commission alleging patent infringement related to vertical power delivery systems.

Monolithic Power reported mid-year results for fiscal year with revenue of $1.785 billion, up 37.07% year-over-year, and net income of $451 million, up 66.82% year-over-year.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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