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Equities researchers at Deutsche Bank lifted their target price on shares of Monolithic Power Systems (NASDAQ:MPWR) from $35.00 to $36.00 in a research report issued on Friday, AnalystRatings.Net reports. Deutsche Bank’s price target suggests a potential upside of 11.08% from the company’s current price.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 4.88% during mid-day trading on Friday, hitting $33.99. The stock had a trading volume of 501,085 shares. Monolithic Power Systems has a 1-year low of $20.64 and a 1-year high of $34.93. The stock’s 50-day moving average is $33.62 and its 200-day moving average is $31.20. The company has a market cap of $1.299 billion and a P/E ratio of 79.63.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $63.60 million for the quarter, compared to the consensus estimate of $62.80 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $1.43 EPS for the current fiscal year.

In other Monolithic Power Systems news, CFO Meera Rao sold 9,762 shares of the stock on the open market in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $31.35, for a total value of $306,038.70. Following the completion of the transaction, the chief financial officer now directly owns 90,436 shares in the company, valued at approximately $2,835,169. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Monolithic Power Systems, Inc (NASDAQ:MPWR) is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors.

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