On April 28, Monolithic Power Systems fell 4.69% intraday, trading at $1,523.305 USD/share, with trading volume of approximately $89.1 million. The stock has retreated sharply from its recent high near $1,643, erasing gains accumulated earlier in the week.
The decline coincided with broad-based selling across the semiconductor sector. Among major peers, NVIDIA fell 2.32%, Broadcom dropped 3.56%, Advanced Micro Devices slid 3.41%, Intel declined 2.58%, and Micron Technology lost 1.82%, reflecting widespread risk-off sentiment in the space.
The pullback comes just two days before the company is scheduled to report quarterly earnings on April 30 after market close. Consensus estimates project revenue of approximately $781 million, representing a 23.18% year-over-year increase, with adjusted earnings per share expected at $4.90, up 21.94%. Wells Fargo recently raised its price target to $1,650, maintaining an Overweight rating. Despite the constructive institutional outlook, the sector-wide downdraft and pre-earnings positioning appear to have intensified near-term selling pressure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
