On August 24, Monolithic Power fell 3.02% in regular trading, trading at $1274.355/share, with turnover of $202 million. The decline came amid broad-based weakness across the semiconductor sector.

Within the Semiconductors sector where Monolithic Power belongs, individual stocks declined broadly. Among major names, Micron Technology down 6.87%, Intel down 4.84%, Advanced Micro Devices down 3.74%, Taiwan Semiconductor Manufacturing down 2.75%, NVIDIA down 2.33%.

Monolithic Power Systems, Inc. is a fabless global company that designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company recently reported strong Q2 results with adjusted EPS of $6.50 beating estimates of $5.87, and revenue of $980.6 million exceeding consensus of $903.3 million, while guiding Q3 revenue of $1.14-$1.16 billion well above analyst expectations.

(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.)