Here's Why Monolithic Power Systems Shares Are Moving
Portfolio Pulse from Henry Khederian
Shares of Monolithic Power Systems Inc (NASDAQ:MPWR) are trading higher by 2.17% to $557.42, potentially in sympathy with ON Semiconductor's strong earnings report. Investors are also anticipating MPWR's Q2 earnings report, expected to report EPS of $2.81 on revenue of $440.46 million. ON Semi reported flat YoY revenue growth at $2.09 billion, surpassing the consensus estimate of $2.02 billion, and non-GAAP EPS of $1.33, exceeding the consensus estimate of $1.21.
July 31, 2023 | 6:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Monolithic Power Systems shares are trading higher, potentially due to ON Semiconductor's strong earnings. Investors are also anticipating MPWR's Q2 earnings report.
The rise in MPWR's stock price could be attributed to the strong earnings report from ON Semiconductor, which may have boosted investor confidence in the semiconductor sector. Additionally, anticipation for MPWR's own Q2 earnings report could be driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100