On May 27, Monolithic Power Systems rose 3.13% in pre-market trading, trading at $1,714.99/share, with trading volume of approximately $1.5 million.
On the news front, the broader semiconductor sector continued to rally, with Micron Technology up 7.59%, AMD up 1.64%, and Broadcom up 0.73%, creating sector-wide momentum that lifted the stock further into recovery territory. Meanwhile, the power management IC price hike wave continues to intensify, as major manufacturers including Texas Instruments, NXP, MPS, and MediaTek subsidiary Richtek plan to raise product quotes from June through July. MPS issued a price increase notice in March and plans to further expand its repricing scope in July, bolstering expectations for improved second-half profitability.
Additionally, the company reported strong Q1 results with adjusted EPS of $5.10 beating expectations and revenue of $804 million representing 26.24% year-over-year growth, providing fundamental support for the stock's ongoing recovery from prior pullbacks.
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