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.
For further details see:
Monolithic Power Systems: The Stock Is Going In Circles