Monolithic Power (MPWR - Free Report) shares ended the last trading session 4.1% higher at $469.88. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% loss over the past four weeks.
The rally was driven by increased investor optimism as the company benefits from solid demand across the automotive, industrial, computing and storage and communications markets. Monolithic is on track to expand capacity in 2022 well beyond $2 billion, which will ramp up new product revenues and achieve market share gains.
This chipmaker is expected to post quarterly earnings of $2.26 per share in its upcoming report, which represents a year-over-year change of +54.8%. Revenues are expected to be $360.26 million, up 41.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Monolithic, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on MPWR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Monolithic is a member of the Zacks Semiconductor - Analog and Mixed industry. One other stock in the same industry, M/A-Com (MTSI - Free Report) , finished the last trading session 3.3% higher at $61.15. MTSI has returned 0% over the past month.
M/A-Com's consensus EPS estimate for the upcoming report has changed -0.4% over the past month to $0.66. Compared to the company's year-ago EPS, this represents a change of +29.4%. M/A-Com currently boasts a Zacks Rank of #3 (Hold).
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Monolithic Power (MPWR - Free Report) shares ended the last trading session 4.1% higher at $469.88. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% loss over the past four weeks.
The rally was driven by increased investor optimism as the company benefits from solid demand across the automotive, industrial, computing and storage and communications markets. Monolithic is on track to expand capacity in 2022 well beyond $2 billion, which will ramp up new product revenues and achieve market share gains.
This chipmaker is expected to post quarterly earnings of $2.26 per share in its upcoming report, which represents a year-over-year change of +54.8%. Revenues are expected to be $360.26 million, up 41.6% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Monolithic, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on MPWR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Monolithic is a member of the Zacks Semiconductor - Analog and Mixed industry. One other stock in the same industry, M/A-Com (MTSI - Free Report) , finished the last trading session 3.3% higher at $61.15. MTSI has returned 0% over the past month.
M/A-Com's consensus EPS estimate for the upcoming report has changed -0.4% over the past month to $0.66. Compared to the company's year-ago EPS, this represents a change of +29.4%. M/A-Com currently boasts a Zacks Rank of #3 (Hold).
Buy 5 Stocks BEFORE Election Day
Biden or Trump? Zacks is releasing a FREE Special Report, Profit from the 2024 Presidential Election (no matter who wins).
Since 1950, presidential election years have been strong for the market. This report names 5 timely stocks to ride the wave of electoral excitement.
They include a medical manufacturer that gained +11,000% in the last 15 years… a rental company absolutely crushing its sector… an energy powerhouse planning to grow its already large dividend by 25%... an aerospace and defense standout that just landed a potentially $80 billion contract… and a giant chipmaker building huge plants in the U.S.
Don’t Wait. Download FREE >>
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