Monolithic Power Systems Inc has been on a spotlight due to several events. Shares have been both purchased and sold by various company directors, including CEO Michael Hsing, with the transactions reaching considerable monetary value. Numerous asset management entities such as Mitsubishi UFJ, Lincoln National Corp and Kestra Private Wealth Services have increased their respective shares in the company as well. However, the company's earning growth rate has been underwhelming compared to a 35% CAGR returned to shareholders. Despite this, various recent earnings reports from Q4 2023 to Q1 2024 reveal mixed results. While the company managed to surpass estimations in certain quarters, concerns on revenue were also highlighted. In light of their performance and the surge in the company's stock, financial firms like Truist and Needham & Company LLC have given positive ratings for MPWR. Recently, the company announced a $640 million stock repurchase program. With influences from AI and 5G expected to drive growth, MPWR becomes a promising entity within the volatile market.
Monolithic Power Systems MPWR News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Thu, 16 May 2024 18:33:22 GMT -
