Monolithic Power Systems Inc. (MPWR) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Monolithic Power Systems Inc. (MPWR) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Monolithic Power Systems Inc. (“Monolithic” or the “Company”) (NASDAQ: MPWR) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN MONOLITHIC POWER SYSTEMS INC. (MPWR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On October 30, 2024, Monolithic released its third quarter 2024 financial results, disclosing that its Enterprise Data revenue had declined sequentially during the quarter to $184 million, missing consensus estimates by nearly 13%. The Company further revealed that customer order patterns had fallen materially below recent historical trends, which was expected to continue.
On this news, Monolithic’s stock price fell $160.51, or 17.5%, to close at $759.30 per share on October 31, 2024, thereby injuring investors.
Then, on November 11, 2024, Edgewater Research published a report revealing that Nvidia had canceled half of its outstanding Monolithic orders and would be eliminating Monolithic as a supplier due to persistent “[p]erformance issues” with the Company’s power modules.
On this news, Monolithic’s stock price fell $113.99, or 14.97%, to close at $647.31 per share on November 11, 2024, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Monolithic securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com