On June 1, Monolithic Power Systems fell 3.1% in regular trading, trading at $1,527.1/share, with trading volume of approximately $265 million. The stock had surged 6.81% in pre-market trading to around $1,607, but profit-taking pressure emerged during the regular session, pulling the price sharply lower from its earlier highs.
On the news front, the semiconductor sector remained broadly strong, with NVIDIA up 5.0%, Micron Technology up 5.87%, and Broadcom up 2.08%, providing a supportive backdrop. Meanwhile, the power management IC price hike cycle continues to gain momentum, with Texas Instruments, NXP, MPS, and MediaTek subsidiary Richtek planning to raise product prices from June through July. MPS issued a price increase notice in March and plans to further expand the scope of adjustments in July, supporting expectations for improved second-half profitability. However, the stock had accumulated over 13% gains from its May 20 low near $1,512 to recent highs near $1,714, and rapid appreciation triggered technical selling pressure during regular hours.
(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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