Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Monolithic Power (NASDAQ: MPWR) today and set a price target of $138. The company’s shares closed yesterday at $117.10.
According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 17.2% and a 70.1% success rate. Svanberg covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, NXP Semiconductors, and Alpha and Omega.
Currently, the analyst consensus on Monolithic Power is Strong Buy and the average price target is $138.60, representing a 18.4% upside.
In a report released today, Needham also maintained a Buy rating on the stock with a $150 price target.
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Based on Monolithic Power’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $129 million and quarterly net profit of $21.86 million. In comparison, last year the company earned revenue of $100 million and had a net profit of $14.48 million.
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. 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. The company was founded by Michael R.
