These Analysts Increase Their Forecasts On Monolithic Power Systems Following Earnings Beat
Portfolio Pulse from Avi Kapoor
Monolithic Power Systems, Inc. (NASDAQ:MPWR) exceeded fourth-quarter earnings and sales expectations, raised its quarterly dividend from $1 to $1.25, and announced the acquisition of Axign B.V. Shares rose 2% to $645.41. Keybanc and Needham increased their price targets for MPWR following the earnings report.
February 08, 2024 | 1:46 pm
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Monolithic Power Systems reported higher-than-expected Q4 earnings, raised its dividend, and announced an acquisition, leading to a 2% stock increase.
The positive earnings report, dividend increase, and strategic acquisition signal strong financial health and growth prospects for Monolithic Power Systems, likely leading to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100