Monolithic Power Systems Inc MPWR shares are trading higher by 4.09% to $444.00 Wednesday afternoon. The stock is likely to be trading higher in sympathy with Advanced Micro Devices, Inc., after the company reported better-than-expected fourth-quarter earnings and sales results and first-quarter guidance.
See also: Why This AMD Analyst is Bumping Up Price Target For Stock By 19% Following Q 4 Results
AMD reported fourth-quarter non-GAAP earnings per share, or EPS, of 69 cents, above the consensus estimate of 67 cents per share. It was also higher than the third quarter's 67 cents per share, but down 25% from the year ago's 92 cents per share.
Revenue came in at $5.6 billion in the fourth quarter, compared to the consensus of $5.5 billion and the company's guidance of $5.5 billion plus or minus $300 million. 39 and a 52 week low of $301.69.