On May 26, Monolithic Power Systems rose 3.28% in regular trading, trading at $1,659.06/share, with trading volume of approximately $76.01 million. The stock extended its recovery from earlier-month weakness, driven by broader semiconductor sector strength and continued power management IC pricing tailwinds.

On the news front, the power management IC price hike wave continues to gain momentum. Major players including Texas Instruments, NXP, MPS, and MediaTek subsidiary Richtek are planning product price increases from June through July. MPS issued a price increase notice in March and plans to further expand the scope of adjustments in July, bolstering expectations for improved profitability in the second half. Additionally, the company reported first-quarter adjusted earnings per share of $5.10, exceeding consensus estimates of $4.89, while revenue of $804 million grew 26.24% year-over-year, providing fundamental support for the ongoing recovery.

Within the Semiconductors sector, individual stocks showed broad strength. Among peers, Micron Technology up 13.45%, Marvell Technology up 8.05%, Advanced Micro Devices up 3.93%, Intel up 1.46%, NVIDIA up 0.29%.

(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.)