Monolithic Power Systems, Inc.’s Stock Price Dips to $817.38, Marking a 8.11% Decrease: Time to Buy?

Monolithic Power Systems, Inc. (MPWR)

817.38 USD -72.10 (-8.11%) Volume: 1.15M

Monolithic Power Systems, Inc.’s stock price stands at 817.38 USD, experiencing a decrease of 8.11% this trading session, with a trading volume of 1.15M. Despite today’s dip, MPWR’s YTD performance remains strong, showing a positive growth of 29.58%.

Latest developments on Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. (NASDAQ:MPWR) has been making headlines recently with various investment firms adjusting their positions in the company’s stock. Concurrent Investment Advisors LLC revealed a $246,000 stake in MPWR, while US Bancorp DE lowered its position. Analysts have given the stock an average rating of “Moderate Buy” as the company gears up to report its second-quarter results on August 1, 2024. Investors have been closely monitoring MPWR, with Swiss National Bank and other firms increasing their holdings in the company. The stock also hit a new 52-week high at $883.16, sparking further interest in this tech company’s potential.

Monolithic Power Systems, Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, have been closely covering Monolithic Power Systems, Inc. According to their research reports, Monolithic Power Systems has shown improved financial performance in the first quarter of 2024, with increased revenue both sequentially from Q4 2023 and year-over-year from Q1 2023. The ordering patterns have also been on an upward trend throughout the quarter, indicating positive customer demand and potential growth.

Baptista Research‘s insights also highlight Monolithic Power Systems’ record revenue of $1.82 billion for the full year of 2023, marking its 12th consecutive year of revenue growth. Despite a cautiously optimistic outlook for 2024, the visibility beyond the current quarter remains limited due to uncertain customer ordering patterns reflecting overall economic uncertainty. Analysts continue to monitor the innovative approach and performance of Monolithic Power Systems on Smartkarma.

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, a company specializing in high-performance power solutions, has received positive scores across the board on the Smartkarma Smart Scores. With a Growth score of 4 and a Resilience score of 5, the company seems well-positioned for long-term success. This indicates that Monolithic Power Systems, Inc is expected to experience steady growth and has the ability to withstand market fluctuations.

Additionally, the Momentum score of 5 suggests that the company is currently experiencing strong upward momentum, which could bode well for its future performance. While the Value score is on the lower end at 2, the overall outlook for Monolithic Power Systems, Inc appears promising based on its impressive scores in Dividend, Growth, Resilience, and Momentum.

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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma