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Monolithic Power (MPWR) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $3.17 per share a year ago.
Monolithic Power Systems forecast current-quarter revenue above estimates as demand for its power control modules and other hardware used in artificial intelligence applications grew.
Monolithic Power (MPWR) is expected to report lower revenues year over year in the fourth quarter of 2023 due to demand softness in several business verticals and macroeconomic challenges.
Liz Ann Sonders, Charles Schwab chief investment strategist, joins 'Money Movers' to discuss what explains the bond market's reaction to Friday's jobs report, what's happening with regional bank stocks, and any spillover to the big banks.
Besides Wall Street's top -and-bottom-line estimates for Monolithic (MPWR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
KIRKLAND, Wash., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the fourth quarter and year ended December 31, 2023.
The future of the US economy holds the potential for significant transformation, driven by technological advancements, innovation and evolving global dynamics. Investments in sectors like semiconductors are likely to play pivotal roles, fostering economic growth and job creation.
With healthy fundamentals, Monolithic Power (MPWR) appears primed for further appreciation.
Semiconductor stocks still have a lot of gas left in the tank. The valuations of these companies are buoyed by an estimated chip shortage, as well as the Western world's diversification from the main foundries located in Taiwan, such as Taiwan Semiconductor Manufacturing (NYSE: TSM ).
Monolithic Power Systems has consistently achieved faster growth compared to its peers in the analog and mixed-signal market. MPWR's Q3 revenue increased by 8% compared to the previous quarter, driven by Enterprise Data, Automotive, Storage, and Compute segments. MPWR has significant growth opportunities in the automotive sector, with a sizable Serviceable Addressable Market of $7 billion and $1 billion worth of design wins in its pipeline.