Oppenheimer analyst Rick Schafer maintained a Buy rating on Monolithic Power (NASDAQ: MPWR) yesterday and set a price target of $150. The company’s shares closed yesterday at $141.45, close to its 52-week high of $142.91.
According to TipRanks.com, Schafer is a 5-star analyst with an average return of 16.3% and a 68.8% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Texas Instruments.
Monolithic Power has an analyst consensus of Strong Buy, with a price target consensus of $157, implying a 11.0% upside from current levels. In a report issued on July 26, SunTrust Robinson also reiterated a Buy rating on the stock with a $156 price target.
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The company has a one-year high of $142.91 and a one-year low of $95.50. Currently, Monolithic Power has an average volume of 378.4K.
Based on the recent corporate insider activity of 75 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.
