After Oppenheimer and Rosenblatt Securities gave Monolithic Power (NASDAQ: MPWR) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Quinn Bolton assigned a Buy rating to Monolithic Power today and set a price target of $265.00. The company’s shares closed last Monday at $242.14.
According to TipRanks.com, Bolton is a top 25 analyst with an average return of 30.1% and a 77.1% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Energy Industries, and Ultra Clean Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Monolithic Power with a $222.78 average price target, representing a -7.9% downside. In a report issued on June 26, SunTrust Robinson also maintained a Buy rating on the stock with a $265.00 price target.
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Monolithic Power’s market cap is currently $10.83B and has a P/E ratio of 92.60. The company has a Price to Book ratio of 13.15.
Based on the recent corporate insider activity of 133 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MPWR in relation to earlier this year.
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. 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.
