Monolithic Power Systems $MPWR Candle Over Candle Turn

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Monolithic Power Systems $MPWR stock formed a candle-over-candle turn on December 29, 2022. The stock is in a technical strong downtrend.


Dark Pool Trading In $MPWR Stock

A large dark pool trade occurred in $MPWR stock on December 16, 2022. The dark pool trade is valued at $79 million. We can not determine from price action if the trade was a buy or sell order.

MPWR stock chart on December 29 2022 with a dark pool trade shown with an orange bar
MPWR stock chart on December 29 2022 with a dark pool trade shown with an orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

A narrative does emerge that the dark pool trading could have had something to do with the Deutsche Bank price target hike of Monolithic Power $MPWR stock.

Monolithic Power price target raised at Deutsche Bank

On December 14, 2022, Ross Seymore, an analyst with Deutsche Bank, increased the price target for Monolithic Power from $400 to $435 while maintaining a Buy rating for the stock. The analyst predicts that as 2023 approaches, semiconductor investors’ attention will shift to locating a bottom in both fundamentals and share prices. Ross Seymore wrote in a research note to investors that given the rolling nature of the downturn up until this point, fundamental weakness is more likely to be spread over a longer period of time. Given the likelihood of further fundamental deterioration, he believes the recent significant rally in the group is premature and anticipates a better opportunity to go long the stock will emerge later in 2023.

Monolithic Power signs semiconductor supply agreement with VIS

A foundry agreement for the production of power semiconductors was signed by Monolithic Power Systems and Vanguard International Semiconductor Corporation on December 12, 2022. In its manufacturing facilities in Singapore and Taiwan, MPS will make use of VIS’s 8-inch wafer fabrication capabilities. MPS is strengthening relationships with suppliers at critical points in the supply chain in order to guarantee semiconductor supplies for the long term. As the need for power devices in datacenters, electric vehicles, solar inverters, robotics, and space systems increases, the goods produced at VIS will be able to meet that demand.

See also
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MPS – The Fastest-Growing Semiconductor Company

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