In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Monolithic Power (NASDAQ: MPWR), with a price target of $150. The company’s shares closed yesterday at $118.87.
Schafer commented:
“MPWR reports 3Q earnings the close. We see upside setup vs. consensus 3Q sales/EPS of $158.5B/$1.05 and 4Q outlook in line or better than Street $153.9B/$0.99E. Macro fear/uncertainty fed by tariff/trade war combined with later stage semi-cycle worries has soured investor sentiment on the group. Our 3Q Asia trip revealed stable, mostly seasonal demand. MPWR remains our top small-cap structural growth/GM story as a multitude of greenfield opportunities in auto, industrial, DC/Cloud server, motion control, eCommerce, etc. take root. Organic top-line growth has averaged 25% for more than a year, on track to hit $1B by 2021. We view $2B top-line attainable within ~5 years. MPS offers standout structural growth, margin expansion and pristine balance sheet. We remain long-term buyers with a $150 target.”
According to TipRanks.com, Schafer is a 5-star analyst with an average return of 14.5% and a 64.4% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.
Currently, the analyst consensus on Monolithic Power is a Strong Buy with an average price target of $154.33, which is a 29.8% upside from current levels. In a report issued on October 16, KeyBanc also maintained a Buy rating on the stock with a $150 price target.
.
See today’s analyst top recommended stocks >>
Monolithic Power’s market cap is currently $5.03B and has a P/E ratio of 64.25. The company has a Price to Book ratio of 8.68.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
