Monolithic Power Systems, Inc. (NASDAQ: MPWR)

This lawsuit is for anyone who acquired securities in Monolithic Power Systems, Inc. (NASDAQ: MPWR) from February 8, 2024 through November 8, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to disclose that the Company had significant performance and quality control issues with the voltage regulator modules and power management integrated circuits that it produced for certain products offered by Nvidia, which adversely affected the Company’s relationship with Nvidia.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. 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, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Monolithic Power Systems, Inc. (NASDAQ: MPWR) from February 8, 2024 through November 8, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.