Monolithic Power Systems is trading 4.7% up at $1408.70 after investors continued rewarding its record second-quarter results and stronger enterprise-data outlook.
- Reported $980.6 million in revenue and $6.50 adjusted earnings per share, beating estimates.
- Raised its enterprise-data growth floor from 85% to 130% and authorized an additional $500 million in buybacks.
- Analyst price-target increases further reinforced bullish sentiment.