Monolithic Power Systems, Inc.’s stock price dips to $894.69, marking a 5.14% decrease: A detailed look into MPWR’s performance

Monolithic Power Systems, Inc. (MPWR)

894.69 USD -48.52 (-5.14%) Volume: 0.85M

Monolithic Power Systems, Inc.’s stock price is currently at 894.69 USD, experiencing a drop of -5.14% this trading session with a trading volume of 0.85M, yet showcasing a robust YTD growth of +41.84%, emphasizing its strong market performance.

Latest developments on Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is set to report its third-quarter 2024 results on October 30, 2024. Recent stock movements saw Cwm LLC acquiring shares of MPWR, while Sapient Capital LLC sold 2,057 shares. Additionally, Livforsakringsbolaget Skandia Omsesidigt bought 665 shares. Despite trading down 3.51% on October 15, MPWR remains a top Goldman Sachs Phase 2 AI stock, showing a 55% year-to-date increase. With speculation on whether MPWR is the most profitable NASDAQ stock to invest in, investors are closely watching the company’s performance.

Monolithic Power Systems, Inc. on Smartkarma

Analysts on Smartkarma have provided bullish coverage on Monolithic Power Systems, Inc. Dimitris Ioannidis forecasts a strong demand for the company, with an average forecasted demand of nearly $2 billion. Monolithic Power Systems is seen as a direct addition to the Nasdaq-100 index, indicating positive growth prospects. On the other hand, Baptista Research highlights the company’s expansion into AI and high-power solutions as major drivers of growth. The company’s second-quarter performance in 2024 exceeded expectations, driven by increased demand for AI-powered solutions and revenue generation from previous design wins.

A look at Monolithic Power Systems, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Monolithic Power Systems, Inc has received a mixed outlook based on the Smartkarma Smart Scores. While the company scored well in growth, resilience, and momentum, its value and dividend scores were more moderate. This suggests that Monolithic Power Systems, Inc may have strong potential for growth and resilience in the long term, but investors looking for value or dividend income may need to consider other options.

Specializing in high-performance, integrated power solutions, Monolithic Power Systems, Inc caters to various industries such as industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. With a focus on providing small, highly energy efficient solutions, the company’s strong scores in growth, resilience, and momentum indicate a positive long-term outlook for its business operations and market performance.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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