MPWR - Uncertainty Hanging Over Monolithic Power Systems Is Clouding The Outlook

• MPS posted another quarter with double-digit increases in revenue and EPS and guidance calls for even faster growth in Q1.
• Strong quarterly numbers are bullish for the stock, but the stock has actually struggled and is in negative territory in 2021.
• Recent struggles come after an extended rally with the stock doubling in 2020, causing multiples to go up and MPS to trade at a premium versus the competition.
• Questions surround recent growth from MPS, especially with the company acknowledging inventory building played a role in boosting its numbers.

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