Monolithic Power Systems ( – )‘s stock had its “outperform” rating reaffirmed by research analysts at Oppenheimer in a report issued on Tuesday, reports. They currently have a $800.00 target price on the semiconductor company’s stock, up from their prior target price of $700.00. Oppenheimer’s price target would suggest a potential upside of 12.04% from the stock’s current price. Other equities research analysts have also recently issued research reports about the company. Needham &amp; Company LLC reiterated a “buy” rating and set a $800.00 target price on shares of Monolithic Power Systems in a report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on Monolithic Power Systems from $1,100.00 to $880.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Raymond James Financial reiterated an “outperform” rating and set a $720.00 price objective (down previously from $925.00) on shares of Monolithic Power Systems in a research report on Friday, May 2nd. TD Cowen upped their target price on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, KeyCorp raised their price target on shares of Monolithic Power Systems from $820.00 to $940.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $802.33. Monolithic Power Systems Price Performance opened at $714.03 on Tuesday. The stock has a market cap of $34.19 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.85 and a beta of 1.20. The stock’s 50 day simple moving average is $706.91 and its 200 day simple moving average is $640.22. Monolithic Power Systems has a 1-year low of $438.86 and a 1-year high of $959.64. Monolithic Power Systems ( – ) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to analyst estimates of $633.43 million. Monolithic Power Systems had a net margin of 76.59% and a return on equity of 19.80%. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.81 EPS. Research analysts expect that Monolithic Power Systems will post 13.2 EPS for the current fiscal year. Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.

Oppenheimer Reaffirms Outperform Rating for Monolithic Power Systems (NASDAQ:MPWR)

Research analysts at Oppenheimer reaffirmed their 'outperform' rating for Monolithic Power Systems (MPWR), raising their target price to $800 from $700. Multiple analysts, including Needham & Company, Stifel Nicolaus, Raymond James Financial, TD Cowen, and KeyCorp, have issued buy ratings or adjusted target prices. The company reported Q1 earnings of $4.04 EPS, exceeding estimates, with a 39.2% revenue increase year-over-year. MPWR has a market cap of $34.19 billion, P/E ratio of 18.95, and a 1-year price range of $438.86 to $959.64.