Oppenheimer Keeps Their Buy Rating on Monolithic Power (MPWR)
In a report released yesterday, Rick Schafer from Oppenheimer maintained a Buy rating on Monolithic Power (MPWR). The company’s shares closed last Tuesday at $338.66.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 24.8% and a 81.2% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
Currently, the analyst consensus on Monolithic Power is a Strong Buy with an average price target of $424.00.
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Monolithic Power’s market cap is currently $15.5B and has a P/E ratio of 93.10. The company has a Price to Book ratio of 15.45.
Based on the recent corporate insider activity of 116 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.