On July 28, Monolithic Power fell 3.88% in regular trading, trading at $1,267.53/share, with turnover of $145 million.

On the news front, the semiconductor sector experienced a broad-based sell-off that served as the primary drag on the stock. Within the sector, Micron Technology fell 9.41%, SK hynix declined 9.44%, Advanced Micro Devices dropped 8.39%, Intel lost 6.53%, and NVIDIA slipped 1.42%, reflecting significant sector-wide pressure. The stock had already experienced volatile trading over consecutive sessions due to sector-linked movements, with short-term sentiment continuing to weigh on shares.

Monolithic Power is scheduled to report its Q2 results on July 30 after market close. Consensus estimates call for revenue of approximately $902 million, representing year-over-year growth of 38.62%. Oppenheimer has noted the company could post better-than-expected Q2 results with upside to its Q3 outlook, driven by AI-heavy enterprise data and communications segments. The analyst consensus average target price stands at $1,795.45, with ratings remaining predominantly bullish.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)