Monolithic Power Systems (NASDAQ:MPWR) is currently experiencing varying market trends. The firm's ongoing development with
AI has led to increased interest, resulting in new investments by BI Asset Management and Mediolanum International Funds. However, notable insider sales by Victor Lee and EVP Maurice Sciammas have generated concern among investors. The increasing stake by Nordea Investment Management and Jennison Associates, and investment by Central Pacific Bank Trust Division, and FORA Capital have counterbalanced the partial divestment by Oppenheimer Asset Management and Sequoia Financial Advisors. MPWR's Q1 2024 earnings call revealed revenue growth despite a small dip in earnings. MPWR's stock has soared despite inching closer to analyst predictions, resulting in a new
52-week high after an analyst
upgrade. The firm is set to report Q1 2024 results on May 1, indicating a stronger position for MPWR. As per MPWR's Q4 2023 results, MPWR experienced a
revenue surge, hinting at a strong upcoming financial performance. Finally, Monolithic's share price was
upgraded to $975 by analysts at KeyCorp, while NVIDIA's
Blackwell launch could potentially lift both Micron and MPWR.
Monolithic Power Systems MPWR News Analytics from Mon, 16 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 14:47:28 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor -3
