Latest news with #Monolithic
CNBC
02-05-2025
- Business
- CNBC
Wall Street loves this under-the-radar Nvidia derivative play
Solid first-quarter results were just the catalyst that analysts on Wall Street needed to continue singing the praises of Monolithic Power Systems — a key Nvidia partner. Monolithic reported earnings per share of $4.04 on revenue of $637.6 million in the first quarter, while analysts polled by FactSet were looking for $4.01 per share and $634.2 million. The Kirkland, Washington-based maker of integrated circuits issued a better-than-expected second-quarter outlook, forecasting revenue in the range of $640 million to $660 million. Analysts' consensus estimates had called for revenue of $635.6 million in the current quarter. The company specializes in power solutions for semiconductor-specific needs, developing integrated circuits for power management in areas such as cloud computing and telecommunications. Monolithic's power management processes are an aid in Nvidia's graphic processing units (GPUs) and are a pillar of AI applications. Monlothic shares have held steady so far in 2025, rising about 1%, while Nvidia stock has lost about 15%. MPWR NVDA YTD mountain Monlothic Power stock in 2025. Oppenheimer analyst Rick Schafer lauded Monolithic's first-quarter results, and reiterated an outperform rating on the stock on Thursday. Schafer's $700 per share price target implies more than 16% upside from Thursday's $601.93 close. "A deep product pipeline and steady flow of design wins have steadily diversified MPWR away from traditional consumer products and into the communications, industrial, automotive and networking markets," Schafer wrote report after Monlothic's results. "MPWR sets up well to outperform the broader semiconductor market with both an improving margin profile and an accelerating top-line outlook, in our view." Loop Capital analyst Gary Mobley similarly stood by his buy rating on Monolithic, alongside a $760 per share price target, which would amount to 26% upside. The analyst noted that even if Nvidia loes market share, Monolithic should still be able to see gains. "We see MPWR as perennial market share gainer in the voltage regulator, data converter and power semi market, winning share against less nimble, catalog-oriented general-purpose focused competitors," Mobley said. He specifically pointed to storage and compute, automotive and communications as segments where Monolithic could expand market share. TD Cowen analyst Joshua Buchalter also pointed to storage and compute as a potential growth driver for Monolithic, saying he expects the company to issue a dividend and authorize a share buyback in the near future. Buchalter has a buy rating and a$760 per share price target on the stock. "Monolithic Power Systems (MPS) represents one of the most attractive organic growth stories in the semiconductor industry, having consistently posted above-market growth for the last five years+," the analyst said. "We believe MPS's differentiated approach and upcoming product cycle ramps will allow the company to maintain, or possibly accelerate, this outsized growth rate, driving continued upward earnings revisions."
Yahoo
05-04-2025
- Business
- Yahoo
TimesSquare U.S. FOCUS Growth Strategy Added Monolithic Power Systems (MPWR) on Dip
TimesSquare Capital Management, an equity investment management company, released its 'U.S. Focus Growth Strategy' fourth-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, the strategy returned -1.35% (gross) and -1.56% (net) compared to 8.14% for the Russell Midcap Growth Index. In the fourth quarter, the U.S. small to mid-cap growth equities with the greatest valuation (P/E), lowest quality (return on equity), or highest risk (beta or volatility) provided the strongest gains. In this environment, the portfolio's fourth-quarter performance fell short of the Russell Midcap® Growth Index, resulting in poor performance for the year. In addition, please check the fund's top five holdings to know its best picks in 2024. In its fourth quarter 2024 investor letter, TimesSquare Capital Management U.S. Focus Growth Strategy emphasized stocks such as Monolithic Power Systems, Inc. (NASDAQ:MPWR). Monolithic Power Systems, Inc. (NASDAQ:MPWR) is a semiconductor-based power electronics solutions provider. The one-month return of Monolithic Power Systems, Inc. (NASDAQ:MPWR) was -16.44%, and its shares lost 23.79% of their value over the last 52 weeks. On April 3, 2025, Monolithic Power Systems, Inc. (NASDAQ:MPWR) stock closed at $498.68 per share with a market capitalization of $23.87 billion. TimesSquare Capital Management U.S. Focus Growth Strategy stated the following regarding Monolithic Power Systems, Inc. (NASDAQ:MPWR) in its Q4 2024 investor letter: "Monolithic Power Systems, Inc. (NASDAQ:MPWR) designs and develops integrated semiconductor solutions for power delivery architectures in computing, storage, automotive, industrial, communications, and consumer applications. Their stock came under pressure during the quarter due to a research report alleging technical issues with Monolithic's products on Nvidia's Blackwell AI platform and that it was in danger of completely losing that business. Our research indicated there is little merit to this claim and while Nvidia is going to multi-source, it is unlikely that Monolithic will be fully displaced. That gave us an opportunity to add this stock to the portfolio." An engineer examining a DC to DC integrated circuit board, looking for any flaws. Monolithic Power Systems, Inc. (NASDAQ:MPWR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held Monolithic Power Systems, Inc. (NASDAQ:MPWR) at the end of the fourth quarter compared to 38 in the third quarter. Monolithic Power Systems, Inc. (NASDAQ:MPWR) reported record quarterly revenue of $621.7 million in the fourth quarter of 2024, up 37% from Q4 2023. While we acknowledge the potential of Monolithic Power Systems, Inc. (NASDAQ:MPWR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Monolithic Power Systems, Inc. (NASDAQ:MPWR) in another article, where we shared AI news and analyst ratings you probably missed. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Associated Press
04-04-2025
- Business
- Associated Press
MPWR Deadline in 3 Days: Kessler Topaz Meltzer & Check, LLP Reminds Monolithic Power Systems, Inc. (MPWR) Investors of Filing Deadline in Class Action Lawsuit
RADNOR, PA - April 4, 2025 ( NEWMEDIAWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP ( informs investors that a securities class action lawsuit has been filed against Monolithic Power Systems, Inc. ('Monolithic') ( NASDAQ: MPWR) on behalf of those who purchased or otherwise acquired Monolithic common stock between February 8, 2024, and November 8, 2024, inclusive (the 'Class Period'). The lead plaintiff deadline is April 7, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Monolithic's voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (2) these defects had, in turn, negatively impacted the performance of certain products offered by Nvidia in which such products were used; (3) Monolithic had failed to adequately address and resolve known issues affecting the performance of the power management solutions Monolithic supplied to Nvidia; (4) Monolithic's relationship with Nvidia had been irreparably damaged due to the significant performance and quality control problems affecting the products it supplied to Nvidia and Monolithic's failure to adequately address such issues; and (5) as a result of the above, Monolithic was acutely exposed to material undisclosed risks of significant business, financial, and reputational harm. THE LEAD PLAINTIFF PROCESS: Monolithic investors may, no later than April 7, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
Associated Press
17-03-2025
- Business
- Associated Press
DEADLINE ALERT for MPWR, GSK, and ICLR: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
LOS ANGELES, March 17, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected]. Monolithic Power Systems Inc. (NASDAQ: MPWR) Lead Plaintiff Deadline: April 7, 2025 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Monolithic's voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (2) that the defects had, in turn, negatively impacted the performance of certain products offered by Nvidia in which such products were used; (3) that Monolithic had failed to adequately address and resolve known issues affecting the performance of the power management solutions the Company supplied to Nvidia; (4) that Monolithic's relationship with Nvidia – the Company's most important customer – had been irreparably damaged due to the significant performance and quality control problems affecting the products it supplied to Nvidia and the Company's failure to adequately address such issues; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you are a Monolithic shareholder who suffered a loss, click here to participate. GSK plc. (NYSE: GSK) Class Period: February 5, 2020 – August 14, 2022 Lead Plaintiff Deadline: April 7, 2025 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) GSK was fully aware of the source of NDMA and had been for nearly 40 years before withdrawing Zantac from the market; (2) while Defendants asserted that 'data published prior to 2019 claims' failed to establish a link between Zantac and cancer, they failed to disclose that GSK possessed unpublished data – the Tanner Report – that did exactly that; (3) the representations about Defendants' ability to 'quantify or reliably estimate the liability' deceived investors, who did not know that GSK had for decades concealed an internal study that implicated the Company's liability to Zantac users; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you are a GSK shareholder who suffered a loss, click here to participate. ICON plc (NASDAQ: ICLR) Class Period: July 27, 2023 – October 23, 2024 Lead Plaintiff Deadline: April 11, 2025 The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that ICON was suffering from a material loss of business due to customer cost reduction measures and other widespread funding limitations impacting the Company's client base; (2) that ICON's purported FSP and hybrid model offerings were insufficient to shield the Company from the adverse effects of a significant market downturn; (3) that the RFPs ICON received from its biotechnology customers during the Class Period were used in substantial part as price discovery tools, and thus were not indicative of underlying client demand; (4) that ICON's customers had canceled contracts, limited or reduced engagements, delayed clinical trial work, and/or failed to enter into new contracts with ICON for additional clinical trial work at historical rates once existing projects ended (or were scheduled to end) in 2024; (5) that ICON's two largest customers were diversifying their CRO providers away from the Company; (6) that as a result of the foregoing, ICON's reported net new business awards and book-to-bill metrics materially misrepresented client demand for ICON's services; and (7) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. If you are an ICON shareholder who suffered a loss, click here to participate. Follow us for updates on Twitter: To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at If you inquire by email please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Contacts The Law Offices of Frank R. Cruz, Los Angeles
Associated Press
15-03-2025
- Business
- Associated Press
MPWR Class Action Alert: Kessler Topaz Meltzer & Check, LLP Reminds Monolithic Power Systems, Inc. (MPWR) Shareholders of Securities Fraud Class Action Lawsuit Deadline
RADNOR, PA - March 15, 2025 ( NEWMEDIAWIRE) - The law firm of Kessler Topaz Meltzer & Check, LLP ( informs investors that a securities class action lawsuit has been filed against Monolithic Power Systems, Inc. ('Monolithic') ( NASDAQ: MPWR) on behalf of those who purchased or otherwise acquired Monolithic common stock between February 8, 2024, and November 8, 2024, inclusive (the 'Class Period'). The lead plaintiff deadline is April 7, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Monolithic's voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (2) these defects had, in turn, negatively impacted the performance of certain products offered by Nvidia in which such products were used; (3) Monolithic had failed to adequately address and resolve known issues affecting the performance of the power management solutions Monolithic supplied to Nvidia; (4) Monolithic's relationship with Nvidia had been irreparably damaged due to the significant performance and quality control problems affecting the products it supplied to Nvidia and Monolithic's failure to adequately address such issues; and (5) as a result of the above, Monolithic was acutely exposed to material undisclosed risks of significant business, financial, and reputational harm. THE LEAD PLAINTIFF PROCESS: Monolithic investors may, no later than April 7, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
