NEW YORK, Jan 17, 2026, 18:58 EST — The market has closed.
- MPWR wrapped up Friday with a 2.37% gain, closing at $1,033.17 ahead of the U.S. holiday weekend.
- Wells Fargo raised Monolithic Power to “Overweight,” citing potential for upward revisions in forecasts amid improving chip sector sentiment.
- Markets reopen Tuesday, with Monolithic Power set to report quarterly results on Feb. 5.
Monolithic Power Systems shares rose 2.37% to close at $1,033.17 on Friday, outpacing other semiconductor stocks ahead of the U.S. market holiday weekend. Throughout the session, the stock fluctuated between $1,019.62 and $1,047.40.
The rally came after Wells Fargo’s Joe Quatrochi upgraded Monolithic Power from “Equal Weight” to “Overweight,” raising his price target to $1,125 from $1,100. He pointed to a “path for positive estimate revisions” as enterprise data demand expands and other data-related segments remain strong. Quatrochi also highlighted “easy” year-on-year comps and the potential for customers to rebuild inventories following a digestion phase. 1
Chip stocks stood out on Friday, gaining 1.2% even as the broader U.S. market barely moved. Investors held back from major moves ahead of Monday’s Martin Luther King Jr. Day holiday shutdown. “One of the other reasons markets have been flat-lining is we’re at the start of the earnings season,” said Ameriprise Financial strategist Anthony Saglimbene. 2
Monolithic Power extended its winning streak to five sessions, still sitting roughly 8% under its late-October 52-week peak, according to MarketWatch data. On Friday, the stock outpaced several analog-chip rivals: Texas Instruments climbed, while Analog Devices and NXP Semiconductors slipped. 3
Monolithic Power makes chips that handle power management and conversion in servers, cars, and industrial gear — a niche in the supply chain investors view less as pure end demand and more as a signal for hardware production ramps.
Heading into next week, the key question is if the rally can stick once cash markets reopen Tuesday. Traders are watching closely for signs backing the “inventory replenishment” story — that customers are restocking after depleting inventories — and if enterprise demand is expanding as Quatrochi anticipates.
The next key event is set for Feb. 5, when the company will release its fourth-quarter and full-year 2025 results and hold an afternoon webcast, per its investor-relations calendar. 4
However, momentum from analyst upgrades may quickly lose steam if customers remain hesitant or if data-center spending slows following a robust start to the year for chip stocks. A slip in guidance would likely shift attention back to valuation for a stock trading above $1,000 a share.
MPWR ended Friday on a high note, buoyed by a positive analyst call. The real check comes Tuesday morning, with the Feb. 5 earnings report looming next.
