After Raymond James and Oppenheimer gave Monolithic Power (NASDAQ: MPWR) a Buy rating last month, the company received another Buy, this time from Deutsche Bank. Analyst Ross Seymore maintained a Buy rating on Monolithic Power today and set a price target of $140. The company’s shares closed yesterday at $132.
According to TipRanks.com, Seymore is a top 25 analyst with an average return of 26.3% and a 81.5% success rate. Seymore covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Texas Instruments, and Maxlinear Inc.
Monolithic Power has an analyst consensus of Strong Buy, with a price target consensus of $146.67, representing an 11.1% upside. In a report released today, Needham also maintained a Buy rating on the stock with a $145 price target.
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Monolithic Power’s market cap is currently $5.6B and has a P/E ratio of 65.35. The company has a Price to Book ratio of 9.17.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.
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Monolithic Power Systems, Inc. engages in the provision of power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. It operates through the following segments: Consumer, Industrial, Computing and Store, and Communications.
