TXN - Monolithic Power Systems: The Stock Is Going In Circles

February, 28 2023 06:57 PM Texas Instruments Incorporated

Summary

FY2022 showed strong gains, but the numbers have started to decline, even though consensus estimates predict they will get better in FY2023.
MPWR stock has rallied in recent months, but it has also sold off in the preceding months, resulting in a stock price that is still below the 2021 highs.
The charts suggest the stock is more likely to be heading lower than higher, but that could help bring down multiples that are higher than most.
There will come a time for long MPWR but now does not appear to be that time, taking everything into account.

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Company Name:	Texas Instruments Incorporated
Stock Symbol:	TXN
Market:	NASDAQ