On July 20, Monolithic Power Systems rose 3.09% in regular trading, trading at $1,368.51/share, with turnover of $176 million. The stock rallied alongside broad-based strength across the semiconductor sector.

On the same day, Wells Fargo adjusted its price target on the company to $1,700 from $1,860 while maintaining an Overweight rating. Analysts polled by FactSet assign an average Overweight rating with a mean price target of $1,795.45, implying significant upside from current levels. The company is scheduled to report second quarter results on July 30, with consensus EPS expectations of $4.85.

Within the Semiconductors sector, individual stocks were broadly higher. Among peers, Intel rose 6.03%, Micron Technology rose 4.85%, Advanced Micro Devices rose 4.63%, SK hynix rose 2.90%, and NVIDIA rose 2.05%.

(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.)