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Monolithic Power Systems (NASDAQ:MPWR) hit a new 52-week high during trading on Tuesday , Analyst Ratings News reports. The company traded as high as $35.30 and last traded at $35.07, with a volume of 142,399 shares. The stock had previously closed at $35.09.

A number of research firms have recently commented on MPWR. Analysts at Pacific Crest raised their price target on shares of Monolithic Power Systems from $33.00 to $40.00 in a research note on Friday, February 7th. Separately, analysts at Oppenheimer raised their price target on shares of Monolithic Power Systems from $36.00 to $38.00 in a research note on Friday, February 7th. Finally, analysts at Deutsche Bank raised their price target on shares of Monolithic Power Systems from $35.00 to $36.00 in a research note on Friday, February 7th. Five equities research 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 price target of $34.11.

The stock has a 50-day moving average of $33.79 and a 200-day moving average of $31.69. The company has a market cap of $1.341 billion and a price-to-earnings ratio of 59.47.

Monolithic Power Systems (NASDAQ:MPWR) last announced its earnings results on Thursday, February 6th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 32.0% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $1.40 EPS for the current fiscal year.

In other Monolithic Power Systems news, VP Saria Tseng sold 11,000 shares of Monolithic Power Systems stock on the open market in a transaction dated Friday, February 14th. The shares were sold at an average price of $35.10, for a total value of $386,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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