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New York State Common Retirement Fund cut its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,333 shares of the semiconductor company’s stock after selling 1,284 shares during the […]
Monolithic Power Systems (NASDAQ:MPWR – Free Report) had its target price decreased by Truist Financial from $600.00 to $483.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the semiconductor company’s stock. Several other equities analysts have also issued reports on MPWR. KeyCorp lifted […]
Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 328.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,269 shares of the semiconductor company’s stock after purchasing an additional 4,040 shares during […]
Genevieve Cunningham: Welcome everyone to the MPS Third Quarter 2023 Earnings Webinar. My name is Genevieve Cunningham, and I will be the moderator for this webinar.
Power management chips maker Monolithic Power Systems (NASDAQ:MPWR) reported results in line with analysts' expectations in Q3 FY2023, with revenue down 4.15% year on year to $474.9 million. The company also expects next quarter's revenue to be around $452 million, slightly below analysts' estimates. Turning to EPS, Monolithic Power Systems made a non-GAAP profit of $3.08 per share, down from its profit of $3.53 per share in the same quarter last year.