Oppenheimer analyst Rick Schafer maintained a Buy rating on Monolithic Power (MPWR) today and set a price target of $150. The company’s shares closed on Friday at $141.10.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 15.5% and a 71.9% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $145 average price target, which is a 2.8% upside from current levels. In a report issued on March 4, 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 $6B and has a P/E ratio of 59.70. The company has a Price to Book ratio of 9.37.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock.
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Monolithic Power Systems, Inc. designs, develops and markets power solutions. Its products include power modules, class-d audio, ultrasound mux, automotive, LED lighting and illumination, precision analog and motor drivers. The company was founded by Michael R. Hsing and James C. Moyer on August 22, 1997 and is headquartered in Kirkland, WA.
