NASDAQ:POWI - Nasdaq - US7392761034 - Common Stock - Currency: USD
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Monolithic Power Systems (NASDAQ:MPWR) and the rest of the analog semiconductors stocks fared in Q4.
Semiconductors are the silicon backbone of the digital revolution. Demand for chips is variable though, meaning that corporate inventory levels and sentiment can significantly impact the industry. Uncertainty surrounding these factors has hurt semiconductor stocks over the past six months as they have pulled back by 7.5%. This drawdown is a far cry from the S&P 500’s 9% ascent.
Semiconductor designer Power Integrations (NASDAQ:POWI) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 17.6% year on year to $105.3 million. On the other hand, next quarter’s revenue guidance of $105,250 was less impressive, coming in 99.9% below analysts’ estimates. Its non-GAAP profit of $0.30 per share was 8.7% above analysts’ consensus estimates.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Power Integrations (NASDAQ:POWI) just reported results for the second quarter o...
Check out these three stocks in the semiconductor industry that recently announced notable increases in their quarterly dividends.
Semiconductor stocks were mostly positive on Wednesday, a day after bears mauled the sector on negative economic news.
Semiconductor stocks finished the last big week of Q2 earnings season with a mixed bag of winners and losers. Cirrus Logic was a winner.
POWI stock results show that Power Integrations beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.