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Monolithic Power Systems (NASDAQ:MPWR)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a report released on Friday. They currently have a $48.00 target price on the stock, up from their previous target price of $47.00. Stifel Nicolaus’ price objective would suggest a potential upside of 15.08% from the stock’s previous close.

Shares of Monolithic Power Systems (NASDAQ:MPWR) traded up 1.48% on Friday, hitting $41.71. 1,086,029 shares of the company’s stock traded hands. Monolithic Power Systems has a one year low of $25.79 and a one year high of $43.49. The stock has a 50-day moving average of $41.77 and a 200-day moving average of $37.67. The company has a market cap of $1.610 billion and a P/E ratio of 54.95.

Monolithic Power Systems (NASDAQ:MPWR) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $68.40 million for the quarter, compared to the consensus estimate of $67.14 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts expect that Monolithic Power Systems will post $1.56 EPS for the current fiscal year.

A number of other firms have also recently commented on MPWR. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Monolithic Power Systems in a research note on Friday. They now have a $48.00 price target on the stock, up previously from $45.00. Separately, analysts at Evercore Partners initiated coverage on shares of Monolithic Power Systems in a research note on Friday. They set an “overweight” rating and a $50.00 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Monolithic Power Systems in a research note on Monday, June 16th. They now have a $46.00 price target on the stock, up previously from $43.00. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $42.86.

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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