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.
Monolithic Power has an analyst consensus of Strong Buy, with a price target consensus of $432.00, which is a 17.0% upside from current levels. 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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Monolithic Power’s market cap is currently $16.58B and has a P/E ratio of 113.90. The company has a Price to Book ratio of 18.60.
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.
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.
