Why Monolithic Power Systems (MPWR) Stock Is Nosediving
Portfolio Pulse from Henry Khederian
Shares of Monolithic Power Systems Inc (NASDAQ:MPWR) are trading lower by 5.43% due to a negative sentiment in the semiconductor and chip stocks sector, following Texas Instruments Inc's lower than expected third-quarter EPS guidance. Texas Instruments reported a 23.67% decrease in quarterly earnings per share, but exceeded expectations with quarterly sales of $4.53 billion. The overall market volatility ahead of the Fed decision also contributed to the decline in MPWR's shares.
July 26, 2023 | 5:16 pm
News sentiment analysis
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NEGATIVE IMPACT
Monolithic Power Systems' shares are trading lower due to negative sentiment in the semiconductor sector and overall market volatility. The company's stock is likely to be affected in the short term.
The decline in MPWR's shares is directly linked to the negative sentiment in the semiconductor sector, triggered by Texas Instruments' lower than expected third-quarter EPS guidance. The overall market volatility ahead of the Fed decision also contributed to the decline in MPWR's shares. Therefore, it's likely that the company's stock will be affected in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Texas Instruments' lower than expected third-quarter EPS guidance has led to a negative sentiment in the semiconductor sector, affecting other stocks including MPWR. However, the company exceeded expectations with quarterly sales of $4.53 billion.
Texas Instruments' lower than expected third-quarter EPS guidance has led to a negative sentiment in the semiconductor sector, affecting other stocks including MPWR. However, the company exceeded expectations with quarterly sales of $4.53 billion, which might mitigate the negative impact to some extent.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75