Monolithic Power Systems Price Target Raised to $38.00 at Oppenheimer (MPWR)
Equities research analysts at Oppenheimer hoisted their target price on shares of Monolithic Power Systems (NASDAQ:MPWR) from $36.00 to $38.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. Oppenheimer’s price target would suggest a potential upside of 17.25% from the stock’s previous close.
In other Monolithic Power Systems news, CFO Meera Rao unloaded 9,762 shares of Monolithic Power Systems stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $31.35, for a total value of $306,038.70. Following the sale, the chief financial officer now directly owns 90,436 shares in the company, valued at approximately $2,835,169. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Deutsche Bank raised their price target on shares of Monolithic Power Systems from $35.00 to $36.00 in a research note to investors on Friday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.11.
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 has a 50-day moving average of $33.62 and a 200-day moving average of $31.20. The company has a market cap of $1.299 billion and a price-to-earnings 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. Monolithic Power Systems’s revenue was up 32.0% compared to the same quarter last year. Analysts expect that Monolithic Power Systems will post $1.43 EPS for the current fiscal year.
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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