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SRS Capital Advisors Inc. raised its stake in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,154 shares of the semiconductor company’s stock after acquiring an additional 67 shares […]
Monolithic Power Systems (NASDAQ:MPWR – Free Report) had its target price increased by Wells Fargo & Company from $715.00 to $725.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock. A number of other research firms also recently issued reports on MPWR. […]
Shares of power management chips maker Monolithic Power Systems (NASDAQ:MPWR) jumped 9.3% in the afternoon session after the company reported first quarter results which blew past analysts' EPS expectations. Next quarter's revenue guidance also came in higher than Wall Street's estimates, as the company observed "consistently upward ordering patterns." Notably, demand for AI servers was strong, growing over 200% year on year, and driving roughly a third of revenues. The strong performance in the
Westover Capital Advisors LLC cut its holdings in Monolithic Power Systems, Inc. (NASDAQ:MPWR – Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,634 shares of the semiconductor company’s stock after selling 71 shares during […]
Monolithic Power Systems forecast current-quarter revenue above estimates on Wednesday due to strong demand for its power control modules and hardware used in artificial intelligence applications. ...