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Monolithic Power Systems, Inc.’s Stock Price Takes a Dip to $729.87, Recording a 2.98% Decline: Unpacking the Market Performance

By February 13, 2024 No Comments

Monolithic Power Systems, Inc. (MPWR)

729.87 USD -22.44 (-2.98%) Volume: 0.64M

Monolithic Power Systems, Inc.’s stock price stands at 729.87 USD, experiencing a dip of -2.98% this trading session with a trading volume of 0.64M, despite a promising year-to-date increase of +15.71%, showcasing its dynamic performance in the market.

Latest developments on Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has seen a significant price boost of 28% recently, which seems out of sync with its revenue performance. This surge has attracted institutional investors like Commonwealth of Pennsylvania Public School Empls Retrmt SYS and Scout Investments Inc., with the former purchasing 1750 shares and the latter holding a $15.56 million position in the company. However, Citigroup Inc. has decreased its holdings in the company. The stock’s performance is attributed to MPWR’s winning formula, which lies in its robust financial metrics and competitive strengths.

Monolithic Power Systems, Inc. on Smartkarma

Monolithic Power Systems, Inc: Bright Future Ahead

Monolithic Power Systems, Inc. recently reported strong third-quarter revenue of $474.9 million, which is a 7.6% increase from the previous quarter. This beat Wall Street’s expectations and indicates a promising future for the company. The enterprise data market also saw a significant surge in revenue, reaching $98.9 million, a remarkable 106.2% increase from the second quarter of 2023. However, consumer revenue decreased to $62.4 million due to declines in TV and home appliance sales. Overall, Monolithic Power Systems, Inc. is on a positive growth trajectory, making it an attractive investment option for investors.

Monolithic Power Systems, Inc: Exciting Developments in EV & AI Domains

Monolithic Power Systems, Inc. continues to impress investors with its performance, exceeding both revenue and earnings expectations in the previous quarter. The company’s storage and computing revenue showed a significant increase, and its industrial revenue also saw growth due to higher equipment sales for power sources and industrial meter applications. With its recent expansion into the EV and AI domains, Monolithic Power Systems, Inc. is positioning itself as a leading player in these industries, making it an exciting investment opportunity for those looking to capitalize on the growth potential in these sectors.

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 a bright long-term outlook, according to the Smartkarma Smart Scores. The company has received a score of 4 for growth, indicating strong potential for future expansion. Monolithic Power Systems specializes in providing efficient power solutions for a variety of industries, including industrial, telecom, and automotive. This indicates that the company is well-positioned to take advantage of the increasing demand for energy-efficient solutions in these sectors.

In addition, Monolithic Power Systems has received high scores of 5 for both resilience and momentum. This suggests that the company has a strong financial standing and is experiencing positive market momentum. With a score of 2 for both value and dividend, it is clear that Monolithic Power Systems may not be the most undervalued or high-dividend paying stock, but the company’s growth potential and strong market position make it a solid long-term investment option.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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