On August 4, Monolithic Power rose 4.18% in regular trading, trading at $1,401.56/share, with turnover of $128 million. The stock rebounded sharply following the previous session's broad semiconductor selloff, supported by outstanding Q2 financial results and a sector-wide recovery.
The semiconductor sector staged a strong rebound, with Marvell Technology up 11.16%, Intel up 7.59%, Advanced Micro Devices up 5.97%, Micron Technology up 5.61%, and NVIDIA up 2.26%, collectively boosting sentiment across the industry.
On the fundamental side, the company reported Q2 revenue of $980.6 million, significantly beating the consensus estimate of $903.3 million, representing a 47.6% year-over-year increase. Adjusted EPS came in at $6.50, surpassing expectations of $5.87 by 10.7%. More notably, Q3 revenue guidance of $1.14 billion to $1.16 billion far exceeded the Street consensus of $986.8 million. Wells Fargo subsequently raised its price target to $1,800 from $1,700 while maintaining an Overweight rating. The board also authorized an additional $500 million for share repurchases.
(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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