On July 22, Monolithic Power fell 3.06% in pre-market trading, trading at $1,341.11 per share, with turnover of $709,100.

On the news front, the semiconductor sector experienced a broad-based correction, serving as the primary drag on the stock. Within the sector, Micron Technology fell 4.27%, Intel fell 3.6%, Advanced Micro Devices fell 2.59%, Taiwan Semiconductor Manufacturing fell 2.47%, and NVIDIA fell 1.13%, reflecting widespread selling pressure across chip names.

The company is scheduled to report second-quarter earnings on July 30, with consensus EPS expectations at $4.84, representing a meaningful improvement from $4.11 in the prior quarter. KeyBanc analysts highlighted the company's pricing advantages and early volume ramp on the Vera Rubin platform, where market share is projected at 60%-70%. The analyst average price target stands at $1,795.45, implying approximately 30% upside from current levels.

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