Needham & Company Gives Buy Rating to Monolithic Power Systems (MPWR)

By admin | 6 years ago

Monolithic Power Systems (NASDAQ: MPWR)‘s stock had its “buy” rating reaffirmed by Needham & Company in a research note issued on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Monolithic Power Systems from $20.00 to $25.00 in a research note to investors on Tuesday, May 1st. They now have a “buy” rating 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.

Monolithic Power Systems opened at 20.61 on Thursday. Monolithic Power Systems has a 1-year low of $9.49 and a 1-year high of $20.75. The company has a market cap of $712.2 million and a price-to-earnings ratio of 50.15.

Monolithic Power Systems last released its earnings data on Monday, April 30th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 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 $0.31 EPS next quarter.

Monolithic Power Systems, Inc. (MPS) designs, develops and markets analog and mixed-signal semiconductors.

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