Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Monolithic Power (MPWR) today and set a price target of $460.00. The company’s shares closed last Thursday at $367.60, close to its 52-week high of $406.75.
According to TipRanks.com, Mosesmann is a 5-star analyst with an average return of 26.3% and a 68.6% success rate. Mosesmann covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Texas Instruments, and Lattice Semicon.
Currently, the analyst consensus on Monolithic Power is a Strong Buy with an average price target of $432.00, representing a 17.0% upside. In a report issued on January 27, Oppenheimer also assigned a Buy rating to the stock with a $420.00 price target.
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Based on Monolithic Power’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $259 million and net profit of $55.57 million. In comparison, last year the company earned revenue of $169 million and had a net profit of $29.53 million.
Based on the recent corporate insider activity of 123 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.
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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.
