Needham & Company Raises Price Target on Monolithic Power Systems (MPWR)
Equities research analysts at Needham & Company boosted their price target on shares of Monolithic Power Systems (NASDAQ: MPWR) from $20.00 to $23.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Monolithic Power Systems from a “neutral” rating to an “underperform” rating in a research note to investors on Saturday, February 18th. Separately, analysts at Craig Hallum downgraded shares of Monolithic Power Systems from a “buy” rating to a “hold” rating in a research note to investors on Friday, February 10th. Finally, analysts at Evercore Partners raised their price target on shares of Monolithic Power Systems from $17.00 to $21.00 in a research note to investors on Friday, February 10th. They now have an “overweight” rating on the stock.
Monolithic Power Systems opened at 21.38 on Tuesday. Monolithic Power Systems has a 52-week low of $9.49 and a 52-week high of $22.40. The company has a market cap of $730.9 million and a price-to-earnings ratio of 56.26.
The company last announced its quarterly results on Monday, April 30th. It reported $0.17 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.13 EPS by $0.04. The company’s quarterly revenue was up 13.5% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $0.25 EPS next quarter.
Monolithic Power Systems, Inc. (MPS) designs, develops and markets analog and mixed-signal semiconductors.