On July 29, Monolithic Power fell 3.08% in regular trading, trading at $1,242.055/share, with turnover of $397 million.

On the news front, a broad semiconductor sector selloff served as the primary drag on the stock. Within the sector, Micron Technology fell 6.56%, Advanced Micro Devices dropped 6.64%, Intel declined 4.74%, NVIDIA slid 3.13%, and SK hynix lost 3.07%, reflecting significant sector-wide pressure. The stock had already experienced volatile trading over consecutive sessions due to sector linkage effects.

Notably, 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 38.62% year-over-year growth, and adjusted EPS of $5.87, up 42.57% year-over-year. Oppenheimer recently reiterated an outperform rating with a $1,700 price target, citing AI-driven enterprise data and communications segments as key growth catalysts. The analyst consensus average target price stands at $1,795.45, with the majority maintaining bullish views.

(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.)