Movement Alert|Monolithic Power Rises 3.22% in Regular Trading, Rebounding from Pre-Market Pressure on Strong Q2 Earnings Support

Market Focus08-06

On August 6, Monolithic Power rose 3.22% in regular trading, trading at $1393.3/share, with turnover of $197 million. The stock had declined over 3% in pre-market trading amid broad semiconductor sector weakness but quickly rebounded after the open.

The recovery was underpinned by robust Q2 results reported on July 30. The company posted revenue of $980.6 million, significantly exceeding the consensus estimate of $903.3 million, while adjusted EPS of $6.50 beat the expected $5.87 by 10.7%. Q3 revenue guidance of $1.14 billion to $1.16 billion also came in well above the market consensus of $986.8 million. Adjusted gross margin reached 55.6% for the quarter, with cash and short-term investments totaling $1.41 billion. The board additionally authorized an extra $500 million for share repurchases, bringing total buyback capacity to $1 billion.

Wells Fargo raised its price target to $1,800 from $1,700 while maintaining an overweight rating, reflecting confidence in the company's fundamental trajectory.

(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.

Comments

We need your insight to fill this gap
Leave a comment