Movement Alert｜Monolithic Power Falls 3.41% in Regular Trading, Target Price Cut Adds Pressure Amid 337 Probe Overhang

Market Focus10-23

On October 23, Monolithic Power fell 3.41% in Regular Trading, trading at $1126.86 per share, with turnover of $40.07 million.

The move coincided with a target price reduction to $1,500 from $1,700 while the stock remained under pressure from uncertainty tied to an ongoing US ITC Section 337 investigation.

Recent reports indicated the rating was maintained at Outperform despite the lower target price, while the broader analyst consensus target still stood at $1,822.85. Separately, Monolithic Power is due to report its next quarterly results on October 29, with market expectations for revenue growth of 55.31% year over year and EPS of $6.8, but near-term trading has been more heavily influenced by valuation reset and litigation-related uncertainty.

(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