In a report released today, Anil Doradla from William Blair maintained a Buy rating on Monolithic Power (NASDAQ: MPWR). The company’s shares closed yesterday at $123.84, close to its 52-week high of $127.61.
Doradla has an average return of 57.8% when recommending Monolithic Power.
According to TipRanks.com, Doradla is ranked #472 out of 4787 analysts.
Currently, the analyst consensus on Monolithic Power is Strong Buy and the average price target is $138.60, representing an 11.9% upside.
In a report issued on May 1, Needham also maintained a Buy rating on the stock with a $150 price target.
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Monolithic Power’s market cap is currently $5.22B and has a P/E ratio of 75.05. The company has a Price to Book ratio of 9.35.
Based on the recent corporate insider activity of 79 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.
