Monolithic Power Systems Inc MPWR Shares are trading down 3.03% at $412.18 on Monday afternoon. Shares in several semiconductor and chip companies are trading lower on Monday, weakness could be an ongoing response Intel Corps worse than expected fourth quarter report which weighed on sector mood before profit. The broader market is also lower ahead of this week’s Fed decision.

Intel said fourth-quarter revenue fell 32% year over year to $14 billion, below analyst estimates of $14.49 billion, according to the Benzinga Pro. Full-year revenue was $63.1 billion, down 20% year over year.

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Intel also said it prioritized rationalizing its investments and “right sizing” the organization in the fourth quarter.

The company reported a loss of 16 cents per share in the fourth quarter, missing analyst estimates of 20 cents per share. Intel said full-year earnings per share were $1.94…Continue reading

According to data from Gasoline ProMPWR has a 52-week high of $541.39 and a 52-week low of $301.69.